The stock market rallied today in spite of the government shut down. The top Fidelity mutual fund, the Select Biotechnology Fund (FBIOX, last change: 2.05%) gained the most in today’s session. FBIOX has returned a stellar 62.86% so far in 2013 and shows no signs of slowing down. Also notable, that commodity-related mutual funds made it to the top 10 list today. These are the Fidelity Select Natural Gas (FSNGX) and the Fidelity Global Commodity Stock (FFGCX) funds.
The Fidelity Select Biotechnology Fund (FBIOX, last change: 1.46%) has rewarded investors with a stellar 50.06% year-to-date return, which makes FBIOX the best-performing Fidelity fund this year. The bull market for the biotech sector started in November 2012 and has continued in 2013 with only one interruption in June. After the June correction FBIOX regained momentum and continues to make higher highs.