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August 2010 Daily Chart
Through September 1, Fundranker’s Top Eight Model Portfolio outperformed both the tech-heavy Nasdaq Composite Index (as measured by Fidelity’s Nasdaq Composite Index Fund) and the broader S&P 500 Index (as measured by Fidelity’s Spartan 500 Index - Investor Class Fund):
Topsy-Turvy August
The S&P 500 Index (as measured by Fidelity’s Spartan 500 Index - Investor Class Fund) and the Nasdaq Composite Index (as measured by Fidelity’s Nasdaq Composite Index Fund) spent the first seven trading days of August in the black for August, in the black for 2010 YTD, and out of correction territory, that is, less than 10% down from their April 23 bull market highs.
Since then, through August 18, the S&P 500 Index and the Nasdaq Composite Index both fell back into negative territory for August and for 2010 YTD. The S&P 500 Index moved back in and back out of correction territory, while the Nasdaq Composite Index moved back into correction territory and stayed there.
During the first seven trading days of August, Fundranker’s Top Eight Model Portfolio also rose into positive territory for both August and 2010 YTD, but it never quite emerged from correction territory. Since then, through August 18, it fell back into the red for August and 2010 YTD, along with the indexes, and further into correction territory.
Mid-day on Thursday, August 19, as this entry was posted, the S&P 500 and Nasdaq Composite Indexes were down about 2%, reversing three positive days that began the week.
Posted 8/19/10 12:44pm ET in Fundranker, Market | Permalink | Comments (0)
TOP EIGHT MODEL PORTFOLIO AUGUST 2010
| 1. Transportation (FSRFX) |
| 2. Air Transportation (FSAIX) |
| 3. Multimedia (FBMPX) |
| 4. Industrials (FCYIX) |
| 5. Automotive (FSAVX) |
| 6. Industrial Equipment (FSCGX) |
| 7. Leisure (FDLSX) |
| 8. Defense & Aerospace (FSDAX) |
| All months |
EXCHANGES FOR AUGUST 5, 2010
| Sell Gold (FSAGX), |
| buy Industrials (FCYIX) |
| Sell Insurance (FSPCX), |
| buy Automotive (FSAVX) |
| Sell Computers (FDCPX), |
| buy Industrial Equipment (FSCGX) |
| Sell Banking (FSRBX), |
| buy Defense & Aerospace (FSDAX) |
| All months |
FREQUENTLY ASKED QUESTIONS
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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 August, 2010, in a new bull market brought on by recovery from the Great Recession, the Top Eight Model Portfolio gained 36.6%, while the S&P 500 gained 47.2%, and the Nasdaq Composite gained 55.0%:
For a long-term comparison, over the ten-year period that ended August 31, 2010, the Top Eight Model Portfolio gained 46.1%, while the S&P 500 fell 17.5%:
Want 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.
