Page 37 - Money - November 2018
P. 37
A.I. is making quite an impression.
Revenue from artifi cial intelligence is expected to grow
1
by 50% year over year. Invest in the potential of A.I.
2
In 2016, tech giants invested $20 billion in A.I. and
worldwide revenues from this technology are on track
1
to reach $46B by 2020. Fidelity’s tech sector fund
and ETF have the ability to take advantage of the
opportunities presented by A.I.
Learn more about our
tech sector mutual fund and tech sector ETF
FSPTX
Fidelity ® Select Technology Portfolio
FTEC
Fidelity ® MSCI Information Technology Index ETF
Lowest expense ratio in the industry 3,4
Fidelity.com/tech
800.Fidelity or call your advisor
Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives,
risks, charges, and expenses. Contact Fidelity for a prospectus, off ering circular or, if available, a summary
prospectus containing this information. Read it carefully.
ETFs are subject to market fl uctuation and the risks of their underlying investments. ETFs are subject to
management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price,
which may be higher or lower than their NAV, and are not individually redeemed from the fund.
Sectors are defi ned by the Global Industry Classifi cation Standard (GICS).
1 Source for A.I. Revenue Forecast: IDC
2 Source: McKinsey Global Institute, “Artifi cial Intelligence: The Next Digital Frontier”
3 Expense ratio data as of 8/22/2017. Based on a comparison of total expense ratios for U.S. technology sector-level ETFs with similar holdings and
investment objectives, within the universe of 46 U.S. ETFs in the Morningstar technology category.
4 FTEC expense ratio, .084%. Expense ratio is the total annual fund operating expense ratio from the fund’s most recent prospectus.
Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies.
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