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FELAX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    94.9098$
  • Previous Close
    94.9098$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FELAX.US represents Fidelity Advisor Leveraged Company Stock Fund Class A. It's a mutual fund managed by Fidelity Investments, focusing on investing in stocks of leveraged companies, meaning companies that utilize debt financing. The fund aims for capital appreciation by taking on higher risk associated with leveraged companies.
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Factors

Market Interest Rates: Rising interest rates generally decrease bond values, negatively impacting FELAX.US as it invests in bonds.

Economic Growth: A strong economy can reduce demand for bonds, lowering prices, while a weak economy increases demand and prices.

Inflation: Higher inflation erodes bond values, leading to price decreases in FELAX.US, as investors seek higher yields.

Credit Risk: Changes in the creditworthiness of bond issuers within the fund affect its perceived risk and price.

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