Fidelity Select Financials Portfolio Q4 2024 Review
Source: SeekingAlpha
2025-03-12 07:26:00 ET
Summary
- For the three months ending December 31, 2024, the fund gained 9.45%, topping MSCI US IMI Financials 5% Capped Linked Index and significantly outpacing the broadly based S&P 500® index.
- Conversely, stock picking in insurance brokers and transaction & payment processing services undermined the fund's relative performance, along with an overweight in reinsurance firms.
- As we expected, the Fed built on its September rate cut by making two more in the fourth quarter.
Investment Approach
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Fidelity Select Financials Portfolio Q4 2024 Review
Fidelity National Information Services Inc.
NASDAQ: FIS
FIS Trading
-0.66% G/L:
$42.13 Last:
3,005,089 Volume:
$42.30 Open:
FIS Latest News
FIS Stock Data
$26,099,678,506
512,672,256
N/A
488
N/A
Diversified Financial Services
Finance
US
Jacksonville
