Japanese Stocks Correct

Fidelity Japan Smaller Companies Fund (FJSCX, last change: 0.90%)

In our April 17 blog we warned that a correction is likely for the overbought Japanese stock market. As the chart of the Fidelity Japan Smaller Companies Fund (FJSCX, last change: 0.90%) shows, the correction did take place with a sudden spike of volatility. FJSCX remains the best performing Fidelity mutual fund of 2013 with 36.27% year-to-date return.

 

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

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