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Fidelity Select Semiconductors (FSELX) leads them with a 58% gain, while Fidelity Select Gold (FSAGX) is the biggest loser. The rally has helped 45 of the 48 Fidelity sector and thematic funds gain in 2021. They take the third and fourth spots in the performance table.Įxpectations of economic recovery supported by COVID-19 vaccines, fiscal stimulus, and low-interest rates have encouraged investors to buy stocks. They are up 54% and 37%, respectively.įidelity Select Construction and Housing (FSHOX) and Fidelity Select Brokerage and Investment Management (FSLBX) have continued their winning ways from 2020, adding 53% and 41%, respectively. The 2020 laggards Fidelity Select Energy (FSENX) and Fidelity Real Estate Investment (FRESX) take the second and fifth spots on the performance table. The shortage of semiconductor chips that started in early 2020 has continued through 2021, boosting share prices in this industry. The five top performers among the group of Fidelity sector and thematic funds include those focusing on semiconductors, energy, housing, capital markets, and real estate.įidelity Select Semiconductors (FSELX) leads the performance table with a year-to-date return of 58%. Thirteen of them are outperforming the S&P 500. Best Fidelity Select Funds of 2021įorty-five of the 48 Fidelity sector and thematic funds in operation are in the black for the year. Small-cap growth stocks have lagged the S&P 500 the most, gaining just 3%. While the growth style worked better than value among large-caps, the tables turned in the mid-cap and small-cap spaces. Collectively, these five stocks account for more than 20% of the S&P 500’s market capitalization.Īs the year ends, large-caps are ahead of mid-caps and small-caps by 7% and 13%, respectively. Microsoft, Alphabet, and Tesla are each up over 40%. The S&P 500’s largest constituent Apple is up 30% this year. The reason is a handful of index heavyweights drove the S&P 500 higher while the average stock did not fare as well.
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Yet, the year has been a challenging one for many investment strategies. The Federal Reserve’s unwavering support of the economy through near-zero interest rates and $120 billion in monthly bond purchases has encouraged risk-taking.Īs of December 24, Fidelity 500 Index Fund (FXAIX) that tracks the S&P 500 index ($SPX) is up 28% for the year. Investors have maintained a healthy appetite for stocks despite new virus strains, rising inflation, and potentially higher interest rates. stocks have managed to scale a wall of worry in 2021. Which funds will stake their claim as the best Fidelity Select Funds in 2022? Fidelity 500 Index Fund is up 28% in comparison. Fidelity Select Semiconductors leads the performance table in 2021 with a year-to-date return of 58%. Each year, best Fidelity Select funds on average beat the S&P 500 by 42%, that is 4,200 basis points.