In a quiet market session today the Fidelity Select Multimedia Fund (FBMPX) stood out as one of the most exciting investments. FBMPX made a fresh high at the close and shows no signs of slowing down after a stellar 36.76% year-to-date return.
The top holdings for FBMPX include media and broadcasting companies, such as Disney. Time Warner, CBS, Comcast ad Viacom. While this year a lot of attention was focused on social media and green energy stocks, it turns out that smartly managed media companies providing content that consumers love have delivered better returns again.
Buy/sell signals for Fidelity funds are available at FidelitySignal.com