Ten-Year Leaders

Returns through March 31; assets in millions of dollars as of Feb. 28.
% Total Return
Fund Name Assets 1st Qtr. 12 Mos. 10 Years
Fidelity Sel Home Fin1,669.1 9.35 55.86 1,080.88
Kaufmann Fund 6,221.8 11.30 38.83 906.24
Fidelity Sel Regl Bnks 1,352.4 11.01 54.58 892.81
INVESCO Strat:Financial 1,426.0 11.03 57.56 865.51
J Hancock Reg Bnk;B 5,500.6 6.24 55.19 821.83
Seligman Communictn;A 3,599.1 12.99 42.62 810.32
Vista:Gro & Inc;A 1,603.4 11.46 42.53 801.69
Fidelity Sel Elctronic 2,668.8 10.32 30.12 780.26
Fidelity Sel Health 2,227.2 15.73 49.52 759.76
Painewbr Finl Svc Gr;A 188.3 7.43 51.80 736.11
INVESCO Strat:Health 1,114.4 16.92 41.75 735.36
T Rowe Price Sci & Tech 3,885.3 15.19 36.18 727.32
Fidelity Adv Eq Gro;Inst 994.2 12.86 43.58 706.55
Fidelity Contrafund 32,246.3 12.28 40.16 699.11
Fidelity Sel Brokerage 663.6 13.94 85.10 682.84
Vanguard Spl:Health 5,258.9 15.01 44.11 677.97
Vista:Capital Gro;A 909.1 13.35 44.94 677.54
Pilgrim Am Bk?A 423.4 8.12 66.20 677.07
Fidelity Sel Software 502.1 24.29 54.64 675.54
Janus Twenty 6,946.3 18.59 51.38 668.29
Fidelity Sel Medical 154.3 13.09 35.88 664.33
Amer Cent:TC Ultra;Inv 24,080.4 15.93 46.08 661.11
Fidelity Sel Financial 604.6 13.44 60.78 659.53
INVESCO Strat:Tech 1,085.4 11.86 31.20 654.90
Oppenheimer Main:I?A 5,182.9 10.01 37.14 653.88
CGM Cap Development 774.6 12.57 36.49 638.57
MFS Emerging Growth;B 5,804.4 20.97 50.84 637.84
FPA Capital 775.7 11.18 30.10 615.84
Fidelity Sel Retailing 193.0 18.69 61.08 612.43
Fidelity Blue Chip Grow 15,077.1 13.99 44.79 611.40
Skyline:Special Eq 522.9 11.27 47.13 601.82
AIM Eq:Aggress Gro 3,786.4 11.06 44.75 598.89
Davis NY Venture;A 5,364.4 8.11 41.76 586.90
Fidelity Sel Computer 783.0 16.44 27.66 579.92
Fidelity Destiny II 4,100.0 10.44 42.44 574.63
Sequoia Fund 4,016.2 19.06 66.71 573.97
Fidelity Sel Telecomm 641.0 28.78 74.18 572.20
Fidelity Sel Insurance 125.0 12.53 59.43 570.52
Fidelity Destiny I 6,531.0 10.32 43.86 564.01
Vankamp Am Emerg Gro;A 2,340.6 15.92 53.42 559.77
AIM:Value;A 7,310.3 12.34 41.38 558.09
AIM Eq:Consteltn;Rtl A 14,788.9 11.26 34.41 556.93
Fidelity Sel Technlgy 678.3 17.76 34.31 552.57
Pioneer Growth Shrs;A 711.7 15.60 63.14 546.59
Putnam Hlth Sciences;A 2,168.4 14.75 50.24 546.32
J Hancock Spec Eq;A 784.7 7.87 34.42 546.00
Harbor:Capital Apprec 3,392.4 15.27 53.75 544.89
Mairs & Power Growth 474.1 8.30 39.68 542.08
Amer Cent:TC Giftrust 1,058.6 6.78 33.25 540.44
SIFE Trust Fund;A-I 1,064.0 6.81 49.46 538.19

  1. Why are there so many sector funds (such as technology and health) funds in the list of leaders?
  2. Does it follow then that invetsing in a sector fund is a good investment strategy?