FELC: Nothing Special Here At All

(5min)

Summary

  • Fidelity® Enhanced Large Cap Core ETF offers active large-cap positioning based on fundamentals.
  • Top holdings and sector weightings show minimal differentiation from passive indices.
  • Peer comparison shows underperformance compared to passive S&P 500 ETF, raising skepticism about the fund's value.
  • Looking for a helping hand in the market? Members of The Lead-Lag Report get exclusive ideas and guidance to navigate any climate. Learn More »

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I’ve talked a lot in the last several months about the dangers of passive large-cap/market-cap weighted core investing, given where we are in the cycle. There’s a lot of concentration risk in the S&P 500, and valuations aren’t


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This article was written by

Michael A. Gayed, CFA profile picture
30.52K Followers
Michael A. Gayed is portfolio manager, and author of five award-winning research papers on market anomalies and investing. He has a BS with a double major in Finance & Management from NYU Stern School of Business, and is a CFA Charterholder. Michael runs the investing group The Lead-Lag Report, focused on helping investors outperform in all market conditions. It offers a tactical, data-driven approach to investing, to achieve long-term success even in the face of uncertainty. With increasing market volatility, it's essential to understand risk-on/risk-off signals, seize high-yield opportunities, and leverage award-winning research to maximize returns. Learn More.

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About FELC ETF

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