The Fidelity Japan Smaller Companies Fund (FJSCX, last change: 1.47%) has gained today in spite of the global sell-off in equities. FJSCX is by far the best performing Fidelity mutual fund with 37.38% year-to-date gain. Investors, who have participated in the rapid rise of Japanese equities, may be better off to take profits at this point to avoid the inevitable correction.
Buy/sell signals for Fidelity funds are available at FidelitySignal.com
The turmoil continues in the Japanese equity markets, as investors are skeptical about the plan to devalue the yen. As the consequence, the Fidelity Japan fund (FJPNX, change: -5.34%) continues in its downtrend.
Mutual fund screens and buy/sell signals are provided by FidelitySignal.com