Fidelity Select Health Care Portfolio Q1 2025 Commentary

2025-05-07 04:55:00 ET

Summary

• Fidelity® Select Health Care Portfolio employs a sector-based, equity-focused strategy, leveraging fundamental, bottom-up research to build a diversified portfolio of health care companies.
• The fund underperformed the MSCI health care index in Q1 2025, primarily due to stock selection in biotechnology and pharmaceuticals.
• The fund is bullish on innovative biotech firms and health care equipment stocks, while underweighting GLP-1 producers and life sciences tools & services.
• Positive outlook for health care stocks, driven by innovative drug candidates, potential M&A activity, and favorable policy changes under the new administration.

FUND INFORMATION

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