In this issue, I round out the coverage on value investing that I began last month by focusing on mid- and small-cap value and blend funds. Good value managers are well positioned to fare well in a frothy index-buying marketplace and an economy that is growing. To complement this month's Fund Focus, I present two exclusive interviews: the first with Arvind Navaratnam, the manager of Event Driven Opportunities, and the second with Derek Janssen, lead manager of Small Cap Value. You also won't want to miss this month's Inside Fidelity updates. Read more
This week’s absence of reports created the kind of marketplace I expected to see: slightly more volatile, but generally adrift more on the sea of political and geopolitical uncertainties than on the certainty that our economy is firing on most, if not all, cylinders. Read more
In March, our economy continues to chug along on its slow-growth, not no growth, track. As I expected, the jobs data (healthy ADP private sector jobs and non-farm payrolls reports) triggered the rate hike we got yesterday. Meanwhile, the markets this month have continued where they left off in February, with gains in many areas—but not energy. Read more
Jim Lowell is Editor-in-Chief of the award-winning independent newsletters Fidelity Investor and Fidelity Sector Investor. Through his newsletters, Jim advises individual investors seeking superior performance from their Fidelity investments. He has also written several books on investing, Investing from Scratch (revised edition, Penguin, 2006) and What Every Fidelity Investor Needs to Know (Wiley, 2007) among them. Read more
|Growth & Income||4.4%||10.3%|
|Annuity Growth & Income||5.1%||7.7%|
You don't want to own too many funds that are similar, but how do you tell? A high correlation between funds may mean that your portfolio of funds is not as diverse as you might want it to be. While other tools may compare funds only to the S&P 500, you can use this tool to determine how closely the performance of one Fidelity fund tracks that of any other Fidelity fund. Compare all the funds that you own. To diversify, look for funds that have low correlation with one another.