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Fidelity Rolls Out 10 Sector ETFs (FDIS, FSTA, FENY)

By: ETFdb
Wall Street was in for a mixed bag of earnings this week, with several bellwethers reporting third quarter results. 3M (MMM) and Ford Motor Company (F) topped analyst earnings and revenue expectations, while telecom giant AT&T (T) also beat earnings estimates, though revenues fell in line with expectations. Caterpillar (CAT)–one of the biggest manufacturers of construction and mining equipment–posted lower-than-expected quarterly results and cut its full year forecast [see Visual Guide: Major Index Returns by Year from 1970]. On the ETF front, investors were introduced to 10 new exchange traded products: Fidelity, the issuer of the Nasdaq Composite Index Tracking Stock Market ETF , is taking steps to become a bigger presence in the ETF space. On Thursday, the Boston-based firm launched 10 U.S. sector ETFs: MSCI Consumer Discretionary Index ETF MSCI Consumer Staples Index ETF MSCI Energy Index ETF MSCI Financials Index ETF MSCI Health Care Index ETF MSCI Industrials Index ETF MSCI Information [...] Click here to read the original article on ETFdb.com. Related Posts: ETFs & Sector Rotation: Large Cap, Small Cap, Or International? 3 Sector Rotation Strategies ETF Investors Must Know 12 Cheap ETFs Every Trader Must Know The Most Tradable Stock In Each Sector SPDR ETF Which Sector ETFs Are Cheap?
Wall Street was in for a mixed bag of earnings this week, with several bellwethers reporting third quarter results. 3M (MMM) and Ford Motor Company (F) topped analyst earnings and revenue expectations, while telecom giant AT&T (T) also beat earnings estimates, though revenues fell in line with expectations. Caterpillar (CAT)–one of the biggest manufacturers of construction and mining equipment–posted lower-than-expected quarterly results and cut its full year forecast [see Visual Guide: Major Index Returns by Year from 1970].  On the ETF front, investors were introduced to 10 new exchange traded products: Fidelity, the issuer of the Nasdaq Composite Index Tracking Stock Market ETF , is taking steps to become a bigger presence in the ETF space. On Thursday, the Boston-based firm launched 10 U.S. sector ETFs: MSCI Consumer Discretionary Index ETF  MSCI Consumer Staples Index ETF MSCI Energy Index ETF MSCI Financials Index ETF MSCI Health Care Index ETF MSCI Industrials Index ETF MSCI Information [...]

Click here to read the original article on ETFdb.com.

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