Fidelity Select Sector funds Message Board

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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (4293)	3/10/2002 12:14:07 PM
From: Angler	Read Replies (1) of 4916

Julius: Speaking of longer holding periods and higher redemption fees brings to mind Fido's Low Priced Stock Fund run by Joel Tillinghast for the last 12 years. This one with a 3% load and 1 1/2% penalty for less than 90 day redemptions is a standout performer, though not a select fund, with a long time MorningStar 5 star rating. It is the largest Fido fund holding that I have kept through thick and thin except for temporary escapes into bond funds. Managers seem to come and go through revolving doors in the Fidelity family especially in the last 6 months. The fact that Joel is still in place since 1989 says something to managerial quality and performance. Both Will Danoff and his 3% load ContraFund have been around for a long time with major up and down swings and no redemption fee. He has had good results in markets that revert upwards at times. But these are not trading type vehicles like the select groups which, as you say, lend themselves well to those that like to trade inside of pension non reporting portfolios. Angler

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