Fidelity Independent Adviser Names ETFOX as Best Fund

March 16, 2009 - PRLog -- Donald R. Dion Jr. announced Fidelity Independent Adviser’s selection of the ETF Market Opportunity Fund (ETFOX) as the “Best Fund for Second Quarter 2009” in a special subscriber report now available free to the public at http://fidelityadviser.com/documents/ETFOX-online.pdf .

“ETFOX combines the transparency of ETFs with the oversight given to mutual funds,” noted Dion, publisher of Fidelity Independent Adviser. “ETFOX has a five star rating from Morningstar and three Lipper Leader distinctions,” Dion added, “its returns set it apart from many of the products I review.”

Fidelity Independent Adviser, based in Williamstown, Massachusetts since 1996, publishes two weekly newsletters along with three monthly newsletters and a quarterly 401(k)/403(b) guide. Dion’s newsletter family, which includes flagship publication Fidelity Independent Adviser, offers weekly and monthly fund rankings along with special reports and subscriber updates.

ETFOX has been managed by Paul Frank since its inception nearly five years ago. “Combining the transparency of ETFs with a mutual fund helps investors tackle both security-specific and systematic risks, the two types of risk that ETFOX addresses,” Frank noted in a recent interview for Fidelity Independent Adviser. “By using ETFs, I am also taking security-specific risk out of the equation,” Frank added.

Fidelity Independent Adviser’s “Best Fund for Second Quarter 2009” can currently be read in its entirety at http://fidelityadviser.com/documents/ETFOX-online.pdf.

Fidelity Independent Adviser is completely independent of and not affiliated with Fidelity Investments. Fidelity is a registered trademark of FMR LLC. This material has been prepared solely for informational purposes. All investments involve risk including loss of principal. PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS.

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Fidelity Independent Adviser's newsletters offer a broad range of investors Don’s commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds