FIDELITY FOCUS CONSUMER INDUSTRIES FUND $17.03 (CWA Rating: Aggressive) (Fidelity Investments Canada, 483 Bay St., Suite 200, Toronto, Ont. M5G 2N7. 1-800-263-4077; Web site: www.fidelity.ca. Load fund — available from brokers) invests mainly in U.S. consumer goods and services companies. Consumer spending is a key part of the U.S. economy, accounting for approximately two-thirds of activity.
Fidelity Focus Consumer Industries Fund’s top holdings include Procter & Gamble, Nestle SA, Tesco, CVS Caremark, Toyota Motor, British American Tobacco, PepsiCo, DaimlerChrysler, Japan Tobacco and Imperial Tobacco.
The $6.5 million fund is broken down by industry as follows: 12.3% in Food products, 11.5% in Media, 10.4% in Food & staples retailing, 10.2% in Household products and 10% in Beverages.
Geographically, the fund holds 51.9% of its assets in the U.S., 10.5% in the UK, 7.8% in Japan, 6.6% in Switzerland, 5.2% in France, 5.0% in Germany, 2.1% in India, 2.1% in Spain and 1.7% in South Korea.
The fund’s one-year loss in Canadian dollars is 10.7%. The S&P 500 lost 15.4% in Canadian funds over the same period. The fund’s MER is 2.77%.
Fidelity Focus Consumer Industries Fund is a buy.
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