I know by talking with many of you and reading many of your insightful emails that the level of unease and mistrust is elevated—who to trust, what is important to know, and what is knowable have all become harder to discern. Lately, I have been hearing back from many newer members who wish they had a way of keeping tabs on all that goes on inside Fidelity—a sensibility I not only share, but aim to deliver each and every month. To bring this aspect of Fidelity Investor into sharper focus, this month's issue introduces a new-yet-old feature that gives you the inside scoop into what is going on at Fidelity. Read more
I couldn’t resist fighting headline frenzy with a bit of my own fire. Oil prices have crashed, entering bear market territory, down over 20% this year. My view: The driver of our economy (the consumer) is faring even better thanks to the drop in oil prices—a welcome factor for the summer driving and back-to-school spending season. Read more
The centerpiece of your June FSI is just the kind of lighthouse these choppy seas call for: A long and thoughtful interview with Jurrien Timmer, Fidelity's Director of Global Macro, Global Asset Allocation Division. In his role, Jurrien is charged with thinking through all the macro complexities—everything from domestic politics to global economic data to currency and commodity themes to interest rate and earnings news to known and unknown event risks, and more—for Fidelity's managers and clients. He has a deep sense of where the risks and opportunities lie in today's domestic and global marketplace, and our discussion is a must-read for anyone with even a dollar of their money invested. Also not to be missed, my FSI Sector Focus this month takes us into the Industrials sector, a large and diverse roster of businesses (with a large and diverse roster of Fidelity funds devoted to it) that covers everything from aerospace to logistics to machinery and has its finger on the pulse of the global economy. 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||7.9%||11.7%|
|Annuity Growth & Income||9.6%||9.6%|
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.