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TheFidelity MSCI Utilities Index ETF (FUTY) is an exchange-traded fund that is launched by Fidelity Covington Trust. Fidelity MSCI Utilities Index ETF (FUTY) tracks a market-cap weighted index of stocks in the US utility sector.
This ETF has an expense ratio of 0.08%. The stock invests at least 80% of its assets in the fund underlying index and the securities included. This index is called the MSCI USA Investable Market Index (IMI). It gives us the performance of the utility sector in the US market. Although, like