How to Use the Dollar Energy ETF
Fidelity, the global investment company, announced Monday that it will invest $100 million in the TSP f fund and the $100,000 dollar energy fund.
The funds are both ETFs.
Fidelity, which is known for its low-cost index funds and the low-fee bonds, has been an investor in other energy-focused ETFs such as the Energy Select Fund.
It also owns a fund focused on commodities and energy.
TSP is an ETF focused on stocks.
The TSP ETF is designed to offer a low-profile alternative to the more aggressive performance tracking funds.
The fund’s holdings include the S&P 500 index and the Russell 2000 index, the two largest and most-used indices in the United States.
Fidelity said it is seeking to offer ETFs that are both low-risk and high-return.TSP, founded in 1996, is a private company that invests in private companies that generate value.
Its investments in the S and S+ funds are generally smaller than the more well-known mutual funds.FTSE 100 stocks are also in the mix, Fidelity noted.
The fund also plans to invest in the TSX, a British stock exchange, and the U.S. dollar, according to a press release.
The dollar fund was launched in December, and is aimed at helping investors invest in commodities that have been in a bear market since mid-2016, according a Fidelity spokesperson.
The S&s fund was designed to help fund diversified mutual funds that are based on individual holdings of companies with the lowest costs.
The TSP fund is focused on companies that are more diverse in their business models, according the release.
T SP shares have traded in excess of $300 per share since they were announced in December.
The firm has about 2,200 employees, according its website.