Download the July 2020 Issue 2020 was already shaping up to be a tumultuous year well in advance of the emergence of COVID-19; U.S.-China trade wars, impeachment proceedings, over-valuation issues and a presidential election year already had me cautiously positioned. My investment view remains straightforward: Stay defensive for as long as the facts on the ground are uncertain, uneven and vulnerable. But as you well know by now, my investment choices matter least when it comes to my Global Quant Growth (GQG) and Global Quant Income (GQI) model portfolios, since they are driven by a long-term horizon (10 or more... Read more
Given the amount of time that has passed between yesterday’s July Issue release and this morning’s pre-July 4th rush, let me say this: After the remarkable first quarter COVID-19 selloff, we experienced an equally remarkable second quarter rally, which finds us almost where we began the year.... Read more
Download June 2020 FSI Issue Global markets are hemming and hawing on news of increased infection rates from Beijing to the U.S.—like the recession we’re in, this has yet to be officially named “the second wave”... But it’s hard to think that it isn’t one. That hasn’t stopped the academic pointy heads from arguing about whether this is just a continuation of the first wave or the manifestation of a second wave... What matters is its impact on tentative re-openings and jobs and investors’ perceptions on how global or piecemeal, destructive or controlled a second wave may be. This month,... Read more
| Model | YTD | 5-Year (Annualized) |
|---|---|---|
| Global Quant Growth | -6.4% | 8.5% |
| Global Quant Income | 2.1% | N/A |
| Growth | 1.4% | 7.4% |
| Factor+ | N/A | N/A |
| Growth & Income | -2.4% | 5.6% |
| Income | -3.3% | 3.0% |
| Annuity Growth | 0.8% | 6.9% |
| Annuity Growth & Income | -0.6% | 5.9% |
| S&P 500 | -3.1% | 10.7% |
| Fidelity Investor Index | -0.5% | 5.9% |
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.
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
Jim Lowell adheres to the Cardinal Rule of Mutual Fund Investing: Buy the manager! He makes sure his subscribers, also known as “Fidelity’s Fortunate Few,” are protected and invested in Fidelity’s best funds.
Learn moreThese long-term sector investments are selected based on Jim’s proprietary Fidelity Sector Investor fund-scoring system and set to deliver big profits.
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