Money Market Funds
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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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Money Market Funds
Practice Management
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
