At the end of the second quarter, five of the Fidelity ETFs had over $100 million in assets under management with FHLC and the Fidelity MSCI Information Technology Index ETF (NYSEArca: FTEC) locked in a competitive race to be Fidelity’s largest ETF.
Other factors have helped Fidelity’s sectors funds, including good timing. With more investors becoming tactical and realizing they can bolster returns by using ETFs beyond just broad market funds, sector funds are flourishing. Investors poured almost $38 billion into sector ETFs in the first half of the year. [Sector ETFs Soar in Popularity]
Fidelity’s relationship with MSCI (NYSE: MSCI) has helped both the issuer and the index provider. MSCI’s brand recognition is nearly unrivaled in the ETF index space, giving Fidelity some cache on that front. Additionally, the growth of Fidelity’s ETFs has helped MSCI cement its status as a leading index provider. In the first half of this year, over a third of all ETF inflows went to ETFs tracking MSCI indices, indicating the Fidelity/MSCI partnership has been a win for both parties. [New ETFs Boost MSCI]
Fidelity MSCI Health Care Index ETF
ETF Trends editorial team contributed to this post.