Sector equity fund can be very volatile. It is also very effective for investor to make a bet on certain sector. One of the value equity sector fund is financial sector stock mutual fund. One of this best rated sector fund is Fidelity Select Insurance Portfolio. This is the fund's review of this Fiidelity fund.
Fidelity Select Insurance Portfolio (MUTF: FSPCX)
Fidelity Select Insurance Portfolio (MUTF: FSPCX)
The Fidelity Select Insurance Portfolio fund seeks capital appreciation. The fund generally invests majority of assets (>80%) in financial companies stocks. These companies usually involve in underwriting, reinsuring, selling, distributing, or placing of property and casualty, life, or health insurance. It invests in domestic and foreign issuers. This financials stock fund is non-diversified sector mutual fund.
FSPCX Fund Details
Fidelity Select Insurance Portfolio |
- Fund Inception Date: December 16, 1985
- Ticker Symbol: FSPCX
- CUSIP: 316390541
- Beta (3yr): 1.18
- Rank in category (YTD): 23
- Category: Financial
- Distribution: 0.76%
- Capital Gains: N/A
- Expense Ratio: 0.91%
- Net Assets: $242.28 million
- Number of Years Up: 17 years
- Number of Years Down: 8 years
- Annual Turnover Rate: 193%