Fidelity Quickly Makes its ETF Presence Felt

FHLC and FTEC have $23.8 million and $23.4 million in assets under management, respectively. S&P Capital IQ also has an overweight rating on the Fidelity MSCI Consumer Staples Index ETF (NYSEArca: FSTA),which as the research firm notes, has a larger allocation to the soft drink sub-industry than does the rival Consumer Staples Select Sector SPDR (NYSEArca:XLP). FSTA has $20.8 million in AUM, according to Fidelity data.

S&P Capital also rates the Fidelity MSCI Energy Index ETF (NYSEArca: FENY), Fidelity MSCI Industrials Index ETF (NYSEArca: FIDU) and the Fidelity MSCI Financials Index ETF (NYSEArca: FNCL) overweight. Combined, those three ETFs have $65.6 million in AUM, according to issuer data.

Fidelity MSCI Health Care Index ETF