Filed under: Exxon Mobil (XOM), Schlumberger Limited (SLB), Chevron Corp (CVX), ConocoPhillips (COP), Valero Energy (VLO)

For exposure to energy, Neil George favors Fidelity Select Energy (FSENX), which he says follows a “best of breed” strategy. The editor of Personal Finance newsletter explains, “The fund is up 20% year-to-date, while the average return for its peers is 12.6%. In the mutual fund business, this is a spectacular performance.”

And, he adds, Fidelity Select Energy is one of the more conservative funds in the sector. He observes, “The fund shows excellent returns when the sector is hot and smaller declines in times of sector corrections.”

George suggests, “This is the best of both worlds when it comes to mutual funds; generally, those that do best on the way up don’t do as well on the way down. This shows that manager John Dowd knows how to play defense.”

Continue reading Fidelity Select Energy: a ‘best of breed’ fund

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