Fidelity Select Utilities Portfolio Q1 2025 Commentary
2025-05-07 06:40:00 ET
Summary
- Fidelity® Select Utilities Portfolio seeks to outperform through active management, focusing on companies with durable earnings growth and favorable regulatory environments.
- Utilities sector showed resilience in Q1 2025, with electric, gas, and water utilities outperforming, while independent power producers and renewable energy lagged.
- Fund's performance lagged the MSCI index due to stock and industry selection, particularly in multi-utilities and electric utilities, but benefited from positions in Exelon and CenterPoint Energy.
- Utilities sector remains attractive due to stable earnings growth, low volatility, and increasing demand driven by AI, electrification, and renewable energy transitions.
FUND INFORMATION
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Fidelity Select Utilities Portfolio Q1 2025 CommentaryNASDAQ: SOJD
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