Top themes for May include energy services, gold, and natural gas. Funds investing in the natural resources and energy sectors also fared well.
Top Fidelity Funds for May 2021
* Fidelity Select Energy Service, FSESX +16.7%
* Fidelity Select Gold Portfolio, FSAGX +15.1%
* Fidelity Select Natural Gas, FSNGX +9.9%
* Fidelity Select Natural Resources, FNARX +8.5%
* Fidelity Select Energy, FSENX +6.8%
Stocks likely driving fund performances: Baker Hughes (BKR), Halliburton (HAL), Hess Corp. (HES), Newmont Corp. (NEM), Schlumberger (SLB), and Williams Companies (WMB)
Stay on top of the stock market with ‘Looking Back, Looking Forward’
Sign up free to receive Looking Back, Looking Forward in your Inbox.
How AlphaProfit's investment strategy minimizes your risk
How AlphaProfit keeps your fees and expenses low
Performance of model portfolios & recommendations in AlphaProfit's Premium Service investment newsletter
AlphaProfit's free and premium investment newsletters
Must-read Articles on Fidelity Mutual Funds
Few investment products have as many fanatics as Fidelity Select funds do. Why? The Fidelity Select fund aficionados know that they can beat the market by judiciously selecting such funds. Here are the facts: The average Fidelity Select fund has outperformed the S&P 500 by 4.7% per year over the past 20 years. The stats get even better.
Switching your job? Retiring? Congratulations! A window of opportunity opens for you with the Rollover Individual Retirement Account or Rollover IRA. In an era of corporate restructuring and outsourcing, Rollover IRA is among the most powerful means available for securing one’s retirement. Yet, the potential of Rollover IRA to enhance one’s retirement savings commonly remains under-appreciated.
The best Fidelity Select Fund on average beats the S&P 500 by 43% each year. Which Fidelity Select Fund will be 2021's best performer? Read More »