FUTY ETF

Fidelity MSCI Utilities Index ETF has outperformed the S&P 500 in 2024, due to macroeconomic uncertainty and expectations of a lower rate environment. Despite improving long-term growth due to AI-driven electricity demand, FUTY's growth outlook still lags behind the S&P 500 for 2025 and 2026. The Fund's valuation is currently rich, with a forward P/E ratio much higher than the historical average, suggesting caution.

These ETF sectors have been hovering around a 52-week high post Fed rate cut.

Looking for broad exposure to the Utilities - Broad segment of the equity market? You should consider the Fidelity MSCI Utilities Index ETF (FUTY), a passively managed exchange traded fund launched on 10/21/2013.

Designed to provide broad exposure to the Utilities - Broad segment of the equity market, the Fidelity MSCI Utilities Index ETF (FUTY) is a passively managed exchange traded fund launched on 10/21/2013.

The FUTY ETF performed well in Q2, with AI rubbing off on the power-producing sector. The fund offers a high dividend yield, and its low expense ratio and solid liquidity make it suitable for long-term investors seeking US sector exposure. FUTY's technical view is mixed, however, with potential support at $43 and resistance at $47-$48.

Utility is one of the hottest plays this year, driven by the artificial intelligence (AI) frenzy, and is outperforming the broad market index. Investors seeking to make the most of the next leg in the AI industrial revolution could consider utility ETFs.

Gas and water utilities are somewhat undervalued compared to historical levels, while electricity and multi-utilities have a higher quality rating. Long-term investors may consider Fidelity MSCI Utilities Index ETF as an alternative to XLU.

If you're interested in broad exposure to the Utilities - Broad segment of the equity market, look no further than the Fidelity MSCI Utilities Index ETF (FUTY), a passively managed exchange traded fund launched on 10/21/2013.

Looking for broad exposure to the Utilities - Broad segment of the equity market? You should consider the Fidelity MSCI Utilities Index ETF (FUTY), a passively managed exchange traded fund launched on 10/21/2013.