The Fidelity Select Sector Rotational System is holding two funds which have met the required 30 day hold. When these two funds drop out of the top 3, they will be sold and replaced with the new top ranked funds.
Currently held funds:
FIUIX (Telecom and Utilities)
FBIOX (Biotech – purchased on July 20th)
Top Ranked Funds:
1. FSUTX (Utilities)
2. FIUIX (Telecom and Utilities)
3. FDFAX (Consumer Staples)
4. FBIOX (Biotech)
5. FPHAX (Pharmaceuticals)
The top ranked funds demonstrate that investors are still taking a defensive posture. Until this posture changes, the system is not likely to rotate out of FSUTX or FIUIX.