FUTY: Improving Long-Term Growth Outlook But Expensive Valuation
seekingalpha
2024-10-04
Justin Paget
Introduction
We last covered Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) back in March 2023. At that time, we noted its fair valuation. We also pointed out that its long-term growth profile was likely weaker than the S&P 500 index. However, it has
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