Fidelity Management %26 Research invests assets primarily in companies engaged in the exploration, extraction, processing or trading of gold, or to a lesser degree, silver, platinum, diamonds or other precious metals and minerals. The fund normally invests at least 80% of its assets in securities of companies that are mainly engaged in gold-related activities, and in gold bullion or coins. Invest up to 25% of assets in gold and other precious metals through a wholly-owned subsidiary. The fund invests mainly in common stocks and certain precious metals.
It invests mainly in companies engaged in the exploration, mining, processing or trading of gold, or to a lesser degree, in silver, platinum, diamonds or other precious metals and minerals. Fidelity Select Gold Portfolio was created in December 1985 and is managed by Fidelity Group. The objective of this precious metals fund is to seek the revaluation of capital. The fund normally invests at least 80% of its assets in ordinary shares of companies that are mainly engaged in gold-related activities, and in gold bullion or coins.
Management also invests in other precious metals, instruments whose value is linked to the price of precious metals and securities of companies that manufacture and distribute precious metal and mineral products (such as jewelry, watches, and metal foils). The fund invests in domestic and foreign issuers. The fund offers dividends and capital gains in April and December.
