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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (848)	7/25/1998 12:37:00 PM
From: Julius Wong	Read Replies (1) of 4916

This is a very bad week for stocks. In the last five days, DJIA lost 400.61 points, or 4.48% How about the select funds? Which funds did better than DJIA and which funds did worse than DJIA? I have not done a thorough study. However, I made a simple comparison of DJIA with FSTCX, FSELX, and FSESX. FSTCX is a market risk strong fund. It lost 1.71% this week, or 2.77% less than Dow's decline. FSELX is a high risk strong fund. It lost 5.44% this week, or 0.96% more than Dow's decline. FSESX is a very high risk weak fund. It lost 12.78% this week, or 8.30% more than Dow's decline. Based on this simple exercise, it appears that lower risk strong funds are better holdings. ---------------------------------------------------------------- Data for July 17 -- July 24: July 17 July 24 % Loss ------- ------- ------ DJIA 9337.97 8937.36 4.48 FSTCX 61.82 60.78 1.71 FSELX 34.31 32.54 5.44 FSESX 23.17 20.21 12.78

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