Sector Rotation: Fidelity Select Biotechnology Fund

Fidelity Select Biotechnology Fund (FBIOX, last change: 2.07%)

The Fidelity Select Biotechnology Fund (FBIOX, last change: 2.07%) has made a new 52-week high yesterday. After the May correction the biotech sector stabilized in mid June, which was followed by a new market rally. In our view, FBIOX is one of the best biotech  funds available to investors, so we are not surprised that it outperformed other biotech mutual funds and ETFs during the recent volatile period.

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s