|Expense Ratio (net)||0.79%|
|Morningstar Risk Rating||★★★★|
|Last Cap Gain||0.00|
|Inception Date||Jun 30, 1986|
|Average for Category||N/A|
Instead, as has been the case year-long, actively managed funds, especially actively managed sector funds, offer a compelling way to net the best of both the risk management and return potential worlds. Fidelity has the broadest array of actively managed sector funds available — and they also have the lowest cost, commission-free sector ETFs. My approach: Buy the Fidelity Select Banking Fund (MUTF:FSRBX) and hold on to it.
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.