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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?


To: gregor who wrote (2214)1/20/2000 3:24:00 PM
From: gunslinger  Read Replies (1) | Respond to of 4916
 
Any insight and commit as to why FJPNX ,FJSCX are going down? gunslinger



To: gregor who wrote (2214)1/20/2000 11:51:00 PM
From: Julius Wong  Respond to of 4916
 
Gregor:

FSRBX, FSVLX, FSPCX, FIDSX are lagging behind the market. Looks like the fund managers and other big money managers are not interested in this sector at this time. Also behind the market is FSHOX, so all interest rate sensitive select funds are doing poorly. If tomorrow Mr. Greenspan drops interest rate by one full point, I believe these funds will jump.

I am not blaming the big money managers. It's the fear of rising interest rate.

Julius