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Top Highlights from IMPACT 2019 Conference - Part Two
Check out the key highlights from the IMPACT 2019 conference.
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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.
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.
Historical Performance
| 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|
| 18.99% | -4.85% | 4.64% | 24.21% | -12.64% |
Largest Holdings
| Symbol | Stock | Portfolio Weight | YTD Performance |
|---|---|---|---|
| XOM | Exxon | 13.07% | -7% |
| SLB | Schlumberger | 8.22% | +1% |
| CVX | Chevron | 6.62% | -3% |
| EOG | EOG Resources | 4.99% | +3% |
| APC | Anadarko Petroleum Corp | 3.98% | +4% |
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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Financial Advisor Center
Check out the key highlights from the IMPACT 2019 conference.
Money Market Funds
Check out this article to learn more about liquidity in money market funds.
Financial Advisor Center
Check out our key highlights from the IMPACT 2019 conference.
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