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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (1037)	10/9/1998 8:49:00 PM
From: Angler	Read Replies (1) of 4916

Julius: The fsutx is taking some hits this week along with bond funds. The explanation I get is that that big hedge fund debacle is unloading treasuries and bonds to refund their losses. What a mess! How many more such renegade funds are out there preparing to unwind their portfolios is unknown. All I know is that lower bond prices and higher yields are bad news for utilities. Any take on this? Angler

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