Fidelity To Begin Trading The Fidelity MSCI Materials Index ETF (NYSEArca:FMAT)

October 23, 2013 2:21pm FUND LAUNCH NYSE:FMAT

new4Fidelity has announced that they will begin trading the Fidelity MSCI Materials Index ETF (NYSEArca:FMAT) Thursday, October 24, 2013. The fund seeks to provide investment returns that correspond, before fees and expenses, generally to


the performance of the MSCI USA IMI Materials Index.

Total annual operating expenses: 0.12%

Principal Investment Strategies

Investing at least 80% of assets in securities included in the fund’s underlying index. The fund’s underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market.

Using a representative sampling indexing strategy to manage the fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the index. The fund may or may not hold all of the securities in the MSCI USA IMI Materials Index.

You can find the Summary prospectus: HERE


Read Next


Recommended for You

Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories