Fidelity MSCI Information Technology Index ETF (NYSE:FTEC) has outperformed the market over the past 5 years by 6.69% on an annualized basis producing an average annual return of 17.94%. Currently, Fidelity MSCI Information Technology Index ETF has a market capitalization of $20.26 billion.
Buying $1000 In FTEC: If an investor had bought $1000 of FTEC stock 5 years ago, it would be worth $2,255.94 today based on a price of $276.42 for FTEC at the time of writing.
Fidelity MSCI Information Technology Index ETF’s Performance Over Last 5 Years
Finally -- what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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