After months of defensive sector utility funds moving up to populate the majority of the top fund rankings, within a couple of weeks, these sector funds have dropped completely out of the rankings. As of last night, Utilities were still in the top three. After today’s trading, it is ranked 7th.
The top 5 funds are now all pursuing a similar theme. I think you’ll be able to discern what it is…
- FSPHX (Health Care)
- FPHAX (Pharmaceuticals)
- FBIOX (Biotechnology)
- FDFAX (Consumer Staples)
- FSPCX (Insurance)
Any guesses as to why the top 5 is almost all following a similar theme?
The system is currently long FSUTX (Utilities, but will be rotated out of and into FSPHX tomorrow); FBMPX (Multimedia, but will be rotated out of and into FPHAX tomorrow); FBIOX, which will be held since it is still in the top 3.
The system is up 14.5% YTD, compared to $SPY, which is up 14.8% YTD.