invested in healthcare, but is more focused on hospitals and HMOs
within the healthcare sector. FSPHX is the broader Fidelity Select
healthcare fund and may be a "relatively" safer fund choice if you
prefer these sectors.
Buddy
--- In [email protected], "bconyers" <[EMAIL PROTECTED]> wrote:
>
> These are Fidility Select sector funds. Unlike your usual broad scoped
> mutual fund, these funds invest narrowly, solely in stocks in the
> designated sector - FBIOX in biotechnology stocks and FSHCX in
> healthcare stocks. FSHCX is a bit broader in scope and may hold some
> biotechnology stocks also. These two sectors have fallen quite
> precipitously since March 1, while the rest of the market has marched
> forward. Frankly, if you need to ask why they have underperformed, you
> shouldn't be investing in them until you do a little more
> homework...well...maybe a lot more homework.
>
> Buddy
>
> --- In [email protected], "investor0329" <mb0329@> wrote:
> >
> > I bought these mutual funds not that long ago and they are doing
> > horrible! They have tanked like falling knives. I do not see mutual
> > funds do this often.
> >
> > Can anyone supply any explanation for this?
> >
> > Thanks.
> >
>
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