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Consumer services are deeply undervalued versus 11-year averages and exhibit strong quality metrics, making them the most attractive subsector. The Fidelity MSCI Consumer Discretionary Index ETF offers a value tilt and outperforms XLY by 52 bps annualized since inception. All cap-weighted consumer discretionary ETFs have high company-specific risk in Amazon and Tesla.
Launched on October 21, 2013, the Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Discretionary - Broad segment of the equity market.
Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS) by 38.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 33,871 shares of the company's stock after acquiring an additional 9,400 shares during the period. Envestnet Asset
Consumer services stand out as the most undervalued and highest quality subsector, with a 31% undervaluation versus 11-year averages. The auto and components industry remains weakest in both valuation and quality. Fidelity MSCI Consumer Discretionary Index ETF (FDIS) offers lower valuations and marginally higher returns than XLY, but lags in trading volume.
If you're interested in broad exposure to the Consumer Discretionary - Broad segment of the equity market, look no further than the Fidelity MSCI Consumer Discretionary Index ETF (FDIS), a passively managed exchange traded fund launched on October 21, 2013.
Consumer services are undervalued versus historical averages and exhibit the highest quality score within the sector, while autos/components lag in both value and quality metrics. FDIS offers broader exposure, better value and slightly superior long-term returns compared to XLY, but has weaker trading volumes. Both FDIS and XLY carry high concentration risk in Amazon and Tesla, with the top 10 holdings comprising nearly 60% of FDIS.
Looking for broad exposure to the Consumer Discretionary - Broad segment of the equity market? You should consider the Fidelity MSCI Consumer Discretionary Index ETF (FDIS), a passively managed exchange traded fund launched on October 21, 2013.
Identical costs mask key differences in portfolio size, top holdings, and risk profiles for these two consumer sector ETFs.