Fidelity Select Communications EquipFSDCX

Morningstar Rating

Fund Research and Analysis

by Marta Norton

A narrow mandate limits Fidelity Select Communications Equipment's appeal.

This fund's recent relative performance suggests it's navigated choppy telecom waters better than most of its peers. For the year-to-date period through May 2, 2008, the typical Read more

Kudos

Capable of big gains during boom times. Read more

Risks

A focus on relatively pricey companies in volatile sectors means that this fund is fraught with risks.

Potential for frequent manager changes.

Long-term returns have failed to compensate adequately for the plentiful risk investors incur here.

The fund's big stakes in just a few stocks exposes it to lots of stock-specific risk. Read more

Strategy

One of the more aggressive ways to play the communications sector, this fund focuses on fast-growing, cutting-edge areas. The fund emphasizes the telecom-equipment and semiconductor subsectors. Although Read more

Management

Charlie Chai took over the fund in April 2003 after a roughly six-year stint as a Fidelity analyst (during which he covered the transportation, insurance, and retail sectors). We're pleased he has racked up several years here because we've seen quite Read more

Inside Scoop

This fund normally favors equipment and semiconductor names on the racier fringes of the telecom sector. Read more

First Name

Last Name

Email Address

Zip Code

Create Password

Verify Password

(6-15 characters; case sensitive)

What is your occupation or job title?

Select...

Your registration indicates agreement to the terms of use.

Dodge & Cox: Health Care Now More Attractive
Watch more