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

To: Allan Corrado who wrote (4576)	6/5/2002 8:43:59 AM
From: SG	Respond to of 4916

I think Fidelity used to let you hold $ in deutchemarks, yen, francs, etc. They seem to have eliminated a number of good international options. SG

To: Allan Corrado who wrote (4576)	6/5/2002 11:12:31 AM
From: rolatzi	Respond to of 4916

They eliminated the international bond fund about 4 months ago. I held quite a bit of it and it got transferred automatically to FSICX Its description is: Fidelity Strategic Income Fund seeks current income. The fund primarily invests in debt securities allocated between four basic categories which include high-yielding securities, U.S. government and investment-grade debt, emerging market securities, and debt from foreign developed markets. Management seeks to maintain approximately 40% of assets in the high yield category, 30% in U.S. government and investment-grade debt, and 15% in each of the other two categories. The fund may also invest a portion of assets in convertible securities and common and preferred stocks. It is nondiversified. It is obviously not a satisfactory replacement but I don't know where to put it instead. I used to use the foreign currency portfolios but they eliminated those as well. If you are interested in a simple way to hold foreign currencies, the Mark Twain Bank offers CD's denominated in foreign currencies. Ro