FIDELITY FOCUS CONSUMER INDUSTRIES FUND $18.65 (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, Coca-Cola, Altria Group, Toyota Motor, Esprit Holdings, PepsiCo, Groupe Danone, Reckitt Benckiser and Time Warner.
The $10.6 million fund is broken down by industry as follows: 12.6% in Food products, 10.1% in Beverages, 10.1% in Specialty retail, 9.6% in Media and 8.6% in Household products.
Geographically, the fund holds 37.9% of its assets in the U.S., 14.1% in the UK, 9.0% in France, 8.2% in Switzerland, 6.9% in Germany, 5.8% in Japan, 4.7% in the Netherlands and 3.4% in Hong Kong.
The fund’s one-year gain in Canadian dollars is 18.9%. The S&P 500 gained 13.8% in Canadian funds over the same period. Its MER is 2.79%.
Fidelity Focus Consumer Industries Fund is a buy.
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