Companies in the financial services industry, such as brokers and banks, have rallied impressively in the last few weeks. In our view, increased dividends and buy backs, and the prospect of deregulation can support a long-term bull market in the financials sector.
The top-rated fund is the Fidelity Select Brokerage Fund (FSLBX):
Another strong performer is the Fidelity Select Consumer Finance Fund (FSVLX). FSVLX primarily invests in credit card companies and mortgage REITs:
Our third favorite is the Fidelity Financial Services Fund (FIDSX):