Sector Rotation: Fidelity’s Select Funds Outperform the Market Indexes; Emerging Markets Continue Sell Off

Fidelity Select Consumer Discretionary Fund (FSCPX, last change: 1.18%)

The U.S. stock market regained the bullish momentum today with 82.5% of the Fidelity Select sector funds closing higher. The top gainer was the Fidelity Select Consumer Discretionary Fund (FSCPX, last change: 1.18%). FSCPX has returned 13.65% year-to-date handily beating the return of the S&P 500 index.

Fidelity Select Multimedia Fund (FBMPX, last change: 1.06%)

One of our favorite sector funds in 2013 is the Fidelity Select Multimedia Fund (FBMPX, last change: 1.06%). FBMPX is one of the top 10 Fidelity mutual funds based on the daily ranking provided by FidelitySignal.com. FBMPX holds an impressive list of media companies that generate broadcast, online and print content. It seems that content is king in 2013.

Fidelity Emerging Europe, Middle East Fund (FEMEX, last change: -0.68%)

Emerging markets continue to under perform this year. The newest addition to the list of funds in a bearish downtrend is the Fidelity Emerging Europe and Middle East Fund (FEMEX, last change: -0.68%). We continue to underweight investments in emerging markets and focus on the best U.S. sectors for generating investment returns.

Buy/sell signals for Fidelity funds are available at FidelitySignal.com 

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