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SREA - Fidelity MSCI Utilities Index ETF: This Fund Is A Good One To Own In This Time Of Uncertainty
Sempra Energy 5.750% Junior Subordinated Notes due 2079
ETF Overview
Fidelity MSCI Utilities Index ETF (FUTY) owns a portfolio of U.S. utility stocks. The fund seeks to track the investment results of the MSCI USA IMI Utilities Index. Stocks in FUTY's portfolio are considered defensive stocks as they tend to generate stable and predictable cash flows. In fact, stocks in FUTY's portfolio have consistently increased their dividends in the past. Given the uncertain macro environment caused by the outbreak of COVID-19, we think FUTY is a good investment choice as its stocks are mostly recession resilient stocks.