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March 2010 Daily Chart
Through March 9, the one-year anniversary of the bull market, Fundranker moved closer to the tech-heavy Nasdaq Composite Index (as measured by Fidelity’s Nasdaq Composite Index Fund), and they both continued to outperform the broader S&P 500 Index (as measured by Fidelity’s Spartan 500 Index - Investor Class Fund):
One Year
At the depths of the Great Recession, when the market reached 12-year lows on March 9, 2009, despair seemed to be overwhelming. Then a market rally started, and hope returned, or maybe it was the other way around. Despite many calls for the market to test new lows, it never really did. You can see from the chart below that the market did turn down significantly three times over the last year, but always recovered.
As of March 9, 2010, the Nasdaq Composite Index (as measured by Fidelity’s Nasdaq Composite Index Fund) reached a new high for the year-long bull market, while the S&P 500 Index (as measured by Fidelity’s Spartan 500 Index - Investor Class Fund) and Fundranker’s Top Eight Model Portfolio were tantalizingly close to highs they reached in January.
After Fundranker, the S&P 500, and the Nasdaq Composite fell 54.1%, 54.9%, and 55.1%, respectively, during the bear market that lasted from November 1, 2007, through March 9, 2009, they gained 61.5%, 72.8%, and 85.7%, respectively, during the year which ended March 9, 2010:
Posted 3/10/10 10:02am ET in Fundranker, Market | Permalink | Comments (0)
TOP EIGHT MODEL PORTFOLIO FEBRUARY 2010
| 1. Automotive (FSAVX) |
| 2. Air Transportation (FSAIX) |
| 3. Banking (FSRBX) |
| 4. Multimedia (FBMPX) |
| 5. IT Services (FBSOX) |
| 6. Medical Delivery (FSHCX) |
| 7. Technology (FSPTX) |
| 8. Retailing (FSRPX) |
| All months |
EXCHANGES FOR FEBRUARY 3, 2010
| Sell Electronics (FSELX), |
| buy Air Transportation (FSAIX) |
| Sell Computers (FDCPX), |
| buy Banking (FSRBX) |
| Sell Materials (FSDPX), |
| buy Multimedia (FBMPX) |
| Sell Communications Equipment (FSDCX), |
| buy Medical Delivery (FSHCX) |
| Sell Software & Computer Services (FSCSX), |
| buy Retailing (FSRPX) |
| All months |
FREQUENTLY ASKED QUESTIONS
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and is not affiliated with Fidelity Select Fundranker.
Introducing Fidelity Select Fundranker
Fidelity Select Fundranker employs a straightforward investment strategy—invest in Fidelity Investments Select mutual funds that are doing the best right now, and move regularly into better performing funds.
Fundranker utilizes a technical investment system, which means no guesswork, no predictions, no judgments. Each month, Fundranker rates and ranks Fidelity Investments’ 41 Select mutual funds (39 as of June 19, 2009) according to various aspects of their recent performance and selects the top eight funds in which to invest. To follow the Fundranker system, typically you’ll make two or three exchanges at the beginning of each month to stay in the top eight funds.
From January, 2006, when Fidelity Select Fundranker newsletter was first published, through June, 2008, when Fidelity Select Fundranker’s Top Eight Model Portfolio reached its all time high, Fundranker gained 42.0%, while the S&P 500 gained 7.4%, and the Nasdaq Composite gained 5.5%:
From November, 2007, through February, 2009, during the bear market precipated by the United States’ worst economic crisis since the Great Depression, the Top Eight Model Portfolio fell 51.0%, the S&P 500 fell 51.0%, and the Nasdaq Composite fell 51.3%. Fundranker outperformed the indexes through June, 2008, but ultimately succumbed to the Great Recession, and fell similarly to the indexes:
From March, 2009, through February, 2010, in a new bull market brought on by the beginning of recovery from the Great Recession, the Top Eight Model Portfolio gained 44.8%, while the S&P 500 gained 53.5%, and the Nasdaq Composite gained 63.5%:
For a long-term comparison, over the ten-year period that ended February 26, 2010, the Top Eight Model Portfolio gained 59.8%, while the S&P 500 fell 3.9%:
Need more information? Find out how the Fidelity Select Fundranker system was developed, peruse frequently asked questions, review our charts and results, and see Fidelity Select Fundranker’s most recent Hulbert Financial Digest would be rankings.
