Fidelity MSCI Financials Index ETF (FNCL) is a cost-effective option for investors looking to gain exposure to the financial sector. This exchange-traded fund tracks the performance of the MSCI USA IMI Financials Index, providing investors with a diversified portfolio of financial companies.
Investing in FNCL can be a smart way to gain access to a wide range of financial companies without having to pick individual stocks. By investing in this ETF, investors can benefit from the overall performance of the financial sector, which can be a key driver of overall market performance.
One of the key advantages of FNCL is its low cost. With an expense ratio of just 0.084%, investors can access a diversified portfolio of financial companies at a fraction of the cost of actively managed funds. This can help investors save money on fees and potentially improve their overall returns.
In addition to its cost-effectiveness, FNCL offers investors the opportunity to invest in a wide range of financial companies, including banks, insurance companies, and investment firms. This can provide investors with exposure to different segments of the financial sector, helping to diversify their portfolio and potentially reduce risk.
Overall, Fidelity MSCI Financials Index ETF (FNCL) provides investors with a cost-effective way to gain exposure to the financial sector. With its low cost and diversified portfolio of financial companies, this ETF can be a valuable addition to any investor’s portfolio.