Fidelity Advisor Energy Fund (FANIX)
Fidelity Advisor Energy Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $51.78, up 1.63% on the session, giving a market capitalisation of $894.9M. Its beta of 0.60 implies it has historically moved less than the broad market.
This fund primarily allocates its investments to common stocks. Typically, a substantial 80% or more of its assets are committed to securities of companies fundamentally involved in the energy industry. This scope includes established areas such as oil, natural gas, electricity, and coal, as well as emerging sources like nuclear, geothermal, oil shale, and solar power. The fund holds stakes in both domestic and international issuers. Its investment decisions are shaped by fundamental analysis, scrutinizing factors like each issuer's financial stability and market position, alongside prevailing market and economic conditions. This is a non-diversified fund.
Fidelity Advisor Energy Fund is most often compared with the following Financial Services names: