FNCL - FNCL: How The Fed Could Support Banks Through Its Bond Portfolio
The Fidelity MSCI Financials ETF (FNCL), which tracks the performance of the financial sector, has recovered by about 15.79% from its plunge in the fourth quarter of 2018. However, it is still down 11.17% from its high in September 2018 (before the market turmoil started), and had a relatively dull performance for the most part of the year prior to the turbulence. One of the main culprits for this poor performance over the past year has been the flattening yield curve, as investors believe this makes it more difficult for banks to generate