Investors scooping up Fidelity sector ETFs

|About: Fidelity MSCI Informatio... (FTEC)|By:, SA News Editor

After eight months on the market, Fidelity's ten sector ETFs have crossed over $1B in AUM, with the MSCI Information Technology ETF (FTEC) and the MSCI Energy Index ETF (FENY) seeing especially strong interest.

All ten charge annual expenses of just 0.12% - lower than the competition from the likes of Vanguard, BlackRock (BLK), and State Street (STT) - but higher trading volumes from those three's offerings make for lower trading costs.

Like Vanguard's VDE, the Fidelity offerings hold many more companies than those from BlackRock and State Street. The FENY, for example, has 166 stocks vs. the IYE with 84, and 44 for the XLE.