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What is a sector fund?

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6th Dec 2009 by cocacolabuffet

A sector fund is a mutual fund that invests in stocks, bonds or other instruments in a certain sector. For example, Fidelity Select Natural Resources Portfolio is a mutual fund that invest primarily in companies that own or develop natural resources, or supply goods and services to such companies, normally investing at least 80% of assets in securities of companies principally engaged in these activities.

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1st Dec 2009 In Investing 1 Answers | 359 Views

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