"An excellent fund by Fidelity, the Fidelity Blue Chip Growth ETF ( FBCG) invests in large-cap companies. It aims to offer capital appreciation by investing in high-earning growth stocks that have a stable balance sheet. FBCG holds 184 stocks, and invests heavily in the tech sector, which has allowed it to rally. If you believe in the future of tech and artificial intelligence, this is the ETF to own."
"It has an expense ratio of 0.61%. The fund allocates 49% to the information technology sector, 17% to the consumer discretionary industry, and 16% to the communication services sector. FBCG holds the Magnificent Seven in the top 10. These are Nvidia, Microsoft Corporation, Apple, Alphabet, and Meta Platforms. The top 10 holdings make up 62% of the portfolio. The fund generated an 18.36% average annual return in a year and 37.60% returns in 3 years."
There are thousands of exchange-traded funds available, and multiple options can make selection difficult for beginner investors. ETFs exist for all risk profiles and investment purposes. Fidelity is a prominent, reliable provider that offers several ETF choices. The Fidelity Blue Chip Growth ETF (FBCG) invests in large-cap, high-earning growth companies and holds 184 stocks with heavy technology exposure. The fund has a 0.61% expense ratio and allocates 49% to information technology, 17% to consumer discretionary, and 16% to communication services. The top ten holdings, including Nvidia, Microsoft, Apple, Alphabet, and Meta, comprise 62% of the portfolio. FBCG produced strong recent returns.
Read at 24/7 Wall St.
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