The top 5 ranked Fidelity Sector Funds continues to get more and more defensive.
As of Friday’s close, Air Transportation has dropped out of the top 5 and landed in the 7th position. Pharmaceuticals has been rising and now occupies the top 5, and Utilities and Telecom now occupy the top 2 spots.
- FSUTX (Utilities)
- FIUIX (Telecom and Utilities)
- FBIOX (Biotechnology Portfolio)
- FBMPX (Multimedia)
- FPHAX (Pharmaceuticals)
Biotechnology is very very close to getting bumped out of the 3 spot by Multimedia, but that is due to Biotechnology being volatile, which gets a fund punished in the rankings.
The Fidelity Sector Fund Rotational System is up 12.8% for the year vs. a buy and hold $SPY return of 11.1%.