Is Fidelity Select Financial Services (FIDSX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
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Source: NASDAQ.COM
Fidelity Select Financial Services (FIDSX): This mutual fund has a strong Zacks Mutual Fund Rank of 1 (Strong Buy) and offers solid performance with a 5-year annualized return of 13.12%, while maintaining lower fees compared to its peers.
Investment Considerations: FIDSX is less volatile than its competitors, with a standard deviation below the category average, but it has a negative alpha indicating challenges in outperforming the S&P 500 benchmark.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
