FSAVX is the Fidelity fund to watch in 2012, as low valuations in the automotive sector may present a buying opportunity

The Fidelity Select Automotive fund (FSAVX, change: -2.53%) is down 30.63% year-to-date, making it the weakest performing sector fund of 2011 so far. Should the economy improve in 2012, this sector may offer excellent investment opportunites, as automakers increase their profitability again.

The Fidelity Select Automotive fund (FSAVX, change: -2.53%) is down 30.63% year-to-date, making it the weakest performing sector fund of 2011 so far. Should the economy improve in 2012, this sector may offer excellent investment opportunites, if automakers can increase their profitability again.

 

Mutual fund screens and buy/sell signals are provided by FidelitySignal.com

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