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Fidelity Msci Energy Index Etf

Fidelity MSCI Energy Index ETF (FENY) is an exchange-traded fund (ETF) that seeks to provide investment results that correspond to the performance of the MSCI USA IMI Energy Index. The ETF invests primarily in common stocks of U.S. companies in the energy sector, which includes companies that produce, refine, transport, or distribute oil and gas products, as well as companies that explore for oil and gas reserves.

As of February 2023, the top holdings of FENY include Exxon Mobil Corporation, Chevron Corporation, and ConocoPhillips.

When it comes to historical performance, FENY has had mixed results. From its inception in May 2015 through February 2023, the ETF has had an average annual return of around 2.5%, which is lower than the broader U.S. stock market during that same time period. However, it is important to note that energy stocks are often subject to cyclical fluctuations based on global economic conditions and commodity prices, which can impact the performance of FENY.

In terms of earnings growth, the energy sector has generally lagged behind other sectors of the economy in recent years. This has been due in part to a shift away from fossil fuels and toward renewable energy sources, as well as a glut of oil and gas supply in global markets. However, some energy companies have been able to adapt to these challenges by focusing on cost-cutting measures and operational efficiency.

One potential positive sign for FENY is the recent rebound in oil and gas prices, which has helped to boost the earnings of many energy companies. Additionally, some analysts have pointed to an expected increase in energy demand as the global economy recovers from the COVID-19 pandemic, which could benefit FENY and other energy sector ETFs.

Overall, FENY may be a suitable investment option for investors who are looking to gain broad exposure to the U.S. energy sector. However, as with any investment, it is important to carefully consider a range of factors such as risk tolerance, investment horizon, and overall market conditions before making a decision.