Fidelity MSCI Energy Index ETF (FENY US) – Investment PropositionFidelity MSCI Energy Index ETF (FENY) delivers focused access to U.S. energy equities across integrated, upstream, midstream, and services businesses, linking portfolio outcomes to commodity cycles, capital discipline, and cost curves rather than broad market growth. The strategy tracks a diversified, rules-based sector basket, accepting elevated earnings variability to harness operating leverage to oil and gas prices. Returns are typically dr ...