U.S. Markets close in 4 hrs 33 mins

Fidelity's Lee: Financial Stocks a Good Sector for Active Managers

Donna Fuscaldo

Given rising interest rates on the part of the Federal Reserve, there could be clear winners and losers in the financial sector, making that area of the market particularly interesting for active managers this year. "The financials lend themselves well to active management because, over the long term, outperformance tends to come from winning," said the Fidelity Investments portfolio manager in an interview, noting that there can be a lot of disparity between the winners and losers in the sector. Take the current rising interest rate environment for starters.