FIDELITY FOCUS FINANCIAL SERVICES FUND $21.51 (CWA Rating: Aggressive) invests mostly in financial services companies in brokerage and investment management, investment banking, life insurance, personal loans, property and casualty insurance, and savings and loans.
Fidelity Focus Financial Services Fund now holds a higher percentage of international stocks than in the past. Geographically, its holdings are allocated: the U.S., 22.8%; the UK, 16.3%; Japan, 12.3%; Germany 7.7%; Bermuda, 6.5%; Italy, 6.0%; Hong Kong, 4.0%; Switzerland, 4.0%; South Korea, 3.5%; and Brazil, 2.1%.
The top holdings of this $71.9 million fund are Deutsche Boerse AG, British Land Company plc, HSBC Holdings, Unicredito Italiano, JP Morgan Chase, Sumitomo Mitsui, State Bank of India, Kookmin Bank, Standard Chartered plc, and PartnerRe.
The fund is diversified in the finance sector as follows: 36.6% in Commercial banks, 20.0% in Insurance, 14.7% in Diversified financial services, 14.6% in Real estate and 4.3% in Capital markets.
Fidelity Focus Financial Services Fund’s one-year gain is 26.0%. The S&P 500 gained 6.3% over the same period. The fund has risen 12.8% over the last six months. Its MER is 2.68%.
Fidelity Focus Financial Services Fund is a buy.
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