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ETF Bargain Hunters Buy $584 Million Of Fidelity Funds

TedTed
edited January 2018 in The Bullpen
FYI: It looks like a big exchange-traded fund investor went out bargain hunting and picked up some sector funds on the cheap.

Five of Fidelity Investments’s sector ETFs took in unprecedented amounts of cash Wednesday, totaling about $584 million, according to data compiled by Bloomberg. The funds, which provide exposure to stocks in health care, industrials, financials, consumer discretionary and information technology, are also known for their discounted costs, only charging 8 basis points apiece.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-01-18/etf-bargain-hunters-snag-584-million-of-low-cost-fidelity-funds?srnd=etfcenter

Fidelity MSCI Consumer Discretionary Index ETF (FDIS)
Fidelity® MSCI Industrials ETF ( FIDU )
Fidelity® MSCI Information Tech ETF ( FTEC )
Fidelity MSCI Financials Index ETF (FNCL)
Fidelity MSCI Health Care Index ETF (FHLC)
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