Is Fidelity Select Gold Portfolio (FSAGX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2024
0mins
Source: NASDAQ.COM
- Objective: Sector - Precious Metal funds like Fidelity Select Gold Portfolio (FSAGX) invest in mining and production of precious metals.
- History of Fund/Manager: FSAGX managed by Fidelity since 1985, with assets around $1.04 billion, currently managed by Colin Anderson.
- Performance: FSAGX has a 5-year annualized return of 7.34%, but ranks in the bottom third among peers; 3-year return is -4.43%.
- Risk Factors: The fund has a beta of 0.91, indicating lower volatility than the market, but negative alpha suggests difficulty in outperforming the benchmark.
- Expenses: FSAGX is a no-load fund with an expense ratio of 0.77%, cheaper than the category average of 1.04%.
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.
