Content is King: Fidelity Select Multimedia Fund Closes at All-Time High

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.

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