The Fidelity Select Sector Automotive Fund FSAVX has spent a significant amount of time in the top three funds, but has now dropped down to #5. Because of this, it will be sold on Tuesday and replaced with FSHOX (Construction and Housing).
Personally, I like this change because it fits with Fly’s thesis that housing is going to boom again.
At Tuesday’s close, the Fidelity Sector Rotational System will be holding FSAIX, FSLBX, and FSHOX.
Below are the top five ranked Fidelity Sector Funds, as of Friday’s close.
- FSAIX (Air Transportation)
- FSLBX (Brokerage and Investment Management)
- FSHOX (Construction and Housing)
- FSRFX (Transportation)
- FSAVX (Automotive)
Continued thanks for updating these sector funds. With the Merrill Lynch High Yield master Index plumbing new lows at 500 bps over Treasuries, the economy looks to be picking up markedly.