Fidelity Growth Strategies Fund Q1 2026 Commentary
Fidelity Investments·2026-06-25·via All Articles on Seeking Alpha
Summary
For the quarter, Fidelity Growth Strategies Fund's Retail Class shares returned -3.21%, notably outperforming the -6.35% return for the benchmark Russell Midcap® Growth Index.
The U.S. stock market entered 2026 with momentum but began to fade in late February, as concern about the viability of artificial intelligence-related investments surfaced and conflict in the Middle East took center stage.
By sector, the strongest performer by far in the Russell index was energy (+45%), driven by sharply rising prices for oil and natural gas in the wake of the war in the Middle East.
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Investment Approach
Fidelity® Growth Strategies Fund is a diversified domestic equity strategy with a mid-cap growth orientation.
Our philosophy is anchored in the belief that the market often misjudges either the durability or magnitude
