Fidelity Real Estate Investment Portfolio Q1 2026 Commentary
Fidelity Real Estate Investment Portfolio achieved a gain of 3.33% in Q1 2026, surpassing its benchmark's 1.35% return. The fund's performance was notably boosted by its investments in data center REITs, which contributed significantly to its outperformance. However, apartment REITs faced challenges, with many reporting disappointing financial outlooks during the earnings season.
- ▪Fidelity Real Estate Investment Portfolio gained 3.33% in Q1 2026.
- ▪The benchmark, MSCI U.S. IMI Real Estate 25/50 Linked Index, returned 1.35%.
- ▪Data center REITs were the biggest source of outperformance for the fund.
- ▪Apartment REITs generally declined due to disappointing financial outlooks.
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