Fidelity Advisor Gold I (FGDIX)
Fidelity Advisor Gold I operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $61.89, down 2.83% on the session, giving a market capitalisation of $4.18B. Its beta of 0.75 implies it has historically moved less than the broad market.
This fund primarily concentrates its investments on gold. It allocates a minimum of 80% of its assets to securities of companies substantially involved in gold-related activities, or directly to physical gold, whether as bullion or coins. A portion of the portfolio, up to 25%, can be invested in direct holdings of gold and other precious metals through a wholly-owned subsidiary. The fund's equity holdings largely consist of companies engaged in the exploration, mining, processing, or trading of gold. A smaller percentage of its investments may target firms dealing with other precious metals and minerals, such as silver, platinum, or diamonds. It operates as a non-diversified fund, meaning its investments are concentrated in fewer holdings.
Fidelity Advisor Gold I is most often compared with the following Financial Services names: