Does Fidelity Have an AI ETF?
Direct Answer: Yes, Fidelity Does Have an AI ETF
Fidelity Investments is a leading investment management company that offers a range of exchange-traded funds (ETFs) that track various market indexes, sectors, and industries. Among its offerings is a range of AI-related ETFs, which allow investors to gain exposure to the rapidly growing field of artificial intelligence.
What is Fidelity’s AI ETF?
Fidelity’s AI ETF, known as the Fidelity Nasdaq AI and Robotics ETF (FNRA), is designed to track the performance of the Nasdaq-100 Artificial Intelligence and Robotics Index. This index is composed of the stocks of companies that are involved in the development and application of AI and robotics technologies.
What are the Key Holdings of Fidelity’s AI ETF?
The FNRA ETF is a diversified portfolio that comprises 95 stocks, with the top 10 holdings representing approximately 24% of the ETF’s total assets. Some of the key holdings include:
- Alphabet Inc. (GOOGL), the parent company of Google, which is a leader in AI and machine learning
- Microsoft Corporation (MSFT), a global leader in cloud computing and AI
- International Business Machines Corporation (IBM), a pioneer in AI and machine learning research
- NVIDIA Corporation (NVDA), a leading provider of graphics processing units (GPUs) that are used in AI applications
- Amazon.com, Inc. (AMZN), a global e-commerce leader that is also a major player in AI and cloud computing
What are the Key Features of Fidelity’s AI ETF?
Some of the key features of the FNRA ETF include:
- Diversified Portfolio: The ETF offers a diversified portfolio of 95 stocks, reducing reliance on any one stock or sector
- Low Portfolio Turnover: The ETF has a low portfolio turnover ratio, which means fewer buy and sell transactions, resulting in lower costs and taxes
- Transparency: The ETF folio is transparent, allowing investors to see exactly what they own
- Liquidity: The ETF is highly liquid, making it easy for investors to buy and sell shares
How to Invest in Fidelity’s AI ETF
Investing in Fidelity’s AI ETF is relatively straightforward. You can do so through Fidelity’s online trading platform or through a brokerage account with a financial institution that offers Fidelity’s products. Here are the key steps to invest:
- Open a Brokerage Account: Open a brokerage account with a financial institution that offers Fidelity’s products
- Choose the ETF: Select the Fidelity Nasdaq AI and Robotics ETF (FNRA) in your online trading platform or brokerage account
- Set Your Investment: Determine how much to invest in the ETF
- Execute the Trade: Execute the trade and confirm your investment
Conclusion
Fidelity’s AI ETF is an excellent way for individuals to gain exposure to the rapidly growing field of artificial intelligence. With its diversified portfolio, low portfolio turnover, and transparency, the FNRA ETF is an attractive option for investors looking to invest in the future of AI. By understanding how to invest in the FNRA ETF, investors can harness the power of AI for their investment portfolios.
Additional Resources
- Fidelity Investments: www.fidelity.com
- Fidelity Nasdaq AI and Robotics ETF (FNRA) prospectus: www.fidelity.com/prospectus/fnra
Disclaimer
This article is provided for informational purposes only and should not be considered personalized investment advice. It is important to conduct your own research and consider your individual financial goals and risk tolerance before investing in any security.