Launched on October 21, 2013, the Fidelity MSCI Consumer Staples Index ETF (FSTA) is a passively managed exchange traded fund designed to provide a broad exposure to the Consumer Staples - Broad segment of the equity market.
Consumer pessimism and market volatility may push investors toward defensive ETFs, strengthening the appeal of consumer staple funds.
The Fidelity MSCI Consumer Staples Index ETF is good for diversification, low costs, and competitive returns versus peers, despite high valuations. FSTA's top holdings, WMT, COST, and PG, drive sector performance and exhibit stable cash flows, robust dividend safety, and growth grades. The consumer staples sector trades at historically elevated valuations, justified by market demand for stability amid high global debt and persistent inflation.
| Capital Markets Industry | Financials Sector | - CEO | LSE Exchange | GB0003551420 ISIN |
| US Country | - Employees | 18 Jun 2026 Last Dividend | - Last Split | - IPO Date |
The company is a financial entity specializing in investment services, with a primary focus on mirroring the performance of a specific sector within the U.S. equity market. It dedicates at least 80% of its assets to securities that are a part of the fund's underlying index, the MSCI USA IMI Consumer Staples 25/50 Index. This particular index is representative of the consumer staples sector's performance in the U.S. equity market, encompassing a wide array of companies involved in the production and distribution of essential goods and services. The fund operates with a non-diversified investment strategy, which may include not holding all securities listed in the MSCI USA IMI Consumer Staples 25/50 Index. This approach allows it to potentially achieve a high level of sector-specific performance by concentrating investments in this segment of the market.
The primary service offered by the company involves investing in securities that are included in the MSCI USA IMI Consumer Staples 25/50 Index. This includes a range of investments in the consumer staples sector, which may involve companies in food and beverage, household and personal products, and other necessities. This sector is known for its stability and consistent demand, making it a potentially attractive investment for those seeking steady returns.
While the fund invests heavily in securities that are part of the underlying MSCI USA IMI Consumer Staples 25/50 Index, it maintains a degree of flexibility in its investment approach. This strategy allows the fund to follow the index closely while also making specific investment decisions that might not include holding every security listed in the index. This targeted approach can potentially enhance performance outcomes by focusing on the securities that the fund's management team believes offer the best investment opportunities within the consumer staples sector.