|Expense Ratio (net)||0.79%|
|Morningstar Risk Rating||★★★★|
|Last Cap Gain||0.00|
|Inception Date||Jun 30, 1986|
|Average for Category||N/A|
Fidelity Select Banking (FSRBX) a Zacks Rank #2 (Buy) invests at least 80% of assets in common stocks of companies principally engaged in accepting deposits and making commercial and principally non-mortgage consumer loans
Financial mutual funds are expected to be a strong investment choice as key interest rates are likely to march higher in the near future.
Encouraging nonfarm payroll reports, a pick-up in the inflation rate, rise in consumer spending levels and a rally in the broader markets are paving the way for a rate hike as early as possible