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Strategies & Market Trends : Fidelity Select Sector funds

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To: MoneyPenny who wrote (830)6/3/1998 5:20:00 PM
From: Bernie Kaplan  Read Replies (1) of 4916
 
Fidelity's Utility Funds (FIUIX and FSUTX) are correlated very highly, and their annual returns do not usually vary by more than the 3% front load it costs to buy the Select Fund. I was speaking of utilities in general, which includes electricity, telephone, and water companies, etc., and an in-depth review may reveal better performing options than Fidelity's within the mutual fund industry.

Bernie
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