V - Fidelity MSCI Information Technology Index ETF: Many Stocks In Its Portfolio May Actually Benefit From COVID-19
ETF Overview
The Fidelity MSCI Information Technology Index ETF (FTEC) owns a portfolio of large-cap technology stocks in the United States. The fund seeks to track the MSCI USA IMI Information Technology Index. Most of the stocks in FTEC’s portfolio are large-cap growth stocks that have strong balance sheets to weather an economic recession. Stocks in FTEC’s portfolio should benefit from several technological trends in the next few years. In addition, many stocks will actually benefit from the outbreak of COVID-19 as social distancing has accelerated digital transformation and cloud services. FTEC’s valuation