Fidelity Select Automotive Portfolio (FSAVX)
Fidelity Select Automotive Portfolio operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $52.45, up 0.98% on the session, giving a market capitalisation of $55.6M. Its beta of 1.06 implies it has historically moved more than the broad market.
The fund typically allocates a minimum of 80% of its portfolio assets to firms primarily engaged across the automotive industry. This encompasses businesses involved in the production, distribution, or sale of a wide range of automotive products, such as passenger cars, trucks, specialized vehicles, components, tires, and associated services. While primarily investing in common stocks, its holdings span both domestic and international issuers. Investment selections are driven by fundamental analysis, scrutinizing aspects like an issuer's financial strength, its competitive position within the industry, and prevailing market and economic circumstances. It operates as a non-diversified fund.
Fidelity Select Automotive Portfolio is most often compared with the following Financial Services names: