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Thats Entertainment

From TV and movies to multimedia, this fund profits from fun.

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This story appears in the April 1997 issue of Entrepreneur. Subscribe »

After a Sunday of reading the paper, watching a little television, and wondering why your kids are spending so much time surfing the Internet, investing in those same media outlets probably doesn't seem like much of a stretch. Even if that's not how you spend your free time, Americans' seemingly insatiable desire for entertainment and information has made the unusual Fidelity Select Multimedia Portfolio an attractive specialty fund.

A lot of mutual funds focus on specific sectors of the stock market; Fidelity alone offers 58 different funds. Most of them are devoted to large industries, such as technology and financial services. This offering is one of just two in the fund universe dedicated to media investing.

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