Here’s a U.S. Fund to Buy

Article Excerpt

FIDELITY GROWTH AMERICA FUND $23.35 (CWA Rating: Conservative) (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) uses a “bottom-up” approach (using fundamentals such as earnings, cash flow and low debt) to identify undervalued companies. Fidelity Growth America Fund’s top holdings include Exxon Mobil., BJ Services, Noble Corp., Peabody Energy Corp., UnitedHealth Group, Liz Claiborne, Texas Instruments, Kla- Tencor Corp., Genentech and Procter & Gamble. The $573.5 million fund breaks down by economic sector as follows: 24.8% in Information technology, 18.3% in Energy, 13.6% in Consumer discretionary, 11.7% in Financials, 10.1% in Health Care, 7.2% in Consumer staples and 5.9% in Industrials. The fund’s one-year gain is 5.3%, compared to a gain of 1.6% for the S&P 500 over the same period. The fund’s MER is 2.63%. Fidelity Growth America Fund is a buy. buy…