This week, oil prices soared ahead of supply data, indicating that U.S. oil supply may be near its peak. Due to the sharp move in energy prices, we have chosen the Fidelity Select Energy Portfolio (FSENX) as this week’s fund of the week.
Inside the Fund
The fund was launched in 1981 and is managed by John Dowd. Currently, it has about $2.2 billion in assets under management (AUM).
The fund is composed primarily of U.S.-based stocks in the energy sector.
|Symbol||Stock||Portfolio Weight||YTD Performance|
|APC||Anadarko Petroleum Corp||3.98%||+4%|
The Bottom Line
For investors that are bullish on the energy sector, this mutual fund may be a more balanced option instead of choosing individual stocks.
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