Fidelity Select Banking Portfolio (FSRBX)
Fidelity Select Banking Portfolio operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $36.51, up 1.11% on the session, giving a market capitalisation of $459.3M. Its beta of 1.10 implies it has historically moved more than the broad market.
The Fidelity Select Banking Portfolio primarily invests in the equity (common stocks) of businesses operating within the banking sector. A substantial portion, at least 80% of its total assets, is consistently dedicated to securities issued by companies predominantly involved in banking. This fund has the flexibility to invest in both U.S. and international entities. Its investment approach involves a comprehensive fundamental analysis, carefully scrutinizing aspects like an issuer's financial health, its standing relative to competitors, and the broader economic and market conditions. It's important to note that this fund is structured as non-diversified.
Fidelity Select Banking Portfolio is most often compared with the following Financial Services names: