Investors need guidance through the sector maze

Fidelity's launch of a range of four global sector funds out of Luxembourg can arguably be seen as another nail in the coffin of geographical funds. Fidelity already runs $49bn in 48 sector funds in the US, and believes it can replicate this success in Europe. The Fidelity Funds series will see the introduction of a healthcare fund, an industrial fund, a financial services fund and a consumer industries fund on top of the existing telecoms and technology funds. The argument goes that with the continuing internationalisation of markets, geography is becoming less relevant to investment str...