@BenWP yes that caught my eye too in the fund. They're sector exposure is also very interesting with strong weightings in consumer cyclical, financials, and industrials. So it is more value oriented. I havent bought it yet but watching it. Another fund Im really intrigued by is MATFX. Pull it up on Morningstar and you'll see it scores in the top 10% for pretty much every period from 1 week through 5 years. Ive been following the manager for awhile now. Very sharp guy. This is a growth fund focused on disruption. At some point I'll buy one of these or add to FSEAX.

Front Row , Bloomberg, Jeremy Grantham interview video, about 28 minutes

Much of what Grantham says appeals to my old fashioned mind. BUT. The Fed at this point appears to be fully committed to managing the economy. It clearly accepts the inefficiencies that result from the "artificially low interest rates" (per Grantham) it engineers. If the stock market bubble does burst, it will not surprise me if the Fed and Treasury figure out a way justify purchasing stocks. Managing the stock market could be deemed necessary to stabilize the financial system and the economy as well as to minimize hardship among vulnerable labor force participants and those still seeking employment.
https://thestreet.com/opinion/federal-reserve-buy-stocks

Front Row , Bloomberg, Jeremy Grantham interview video, about 28 minutes

SCG MSSMX UP 5.01% today.
Just sayin'.

And my thanks for bringing it to my attention the other day. I looked at it and bought immediately; which was, fortunately, BEFORE that surprising gain! I'm a believer in the SC rotation; so your mention was timely...

That WAS a surprising move yesterday, but keep in mind that with its 30+ SD, these kinds of daily moves happen with this fund, well, pretty much daily. You don't get to a ~150% annual TR (2020) without 'em!

SCG MSSMX UP 5.01% today.
Just sayin'.

And my thanks for bringing it to my attention the other day. I looked at it and bought immediately; which was, fortunately, BEFORE that surprising gain! I'm a believer in the SC rotation; so your mention was timely...

Jan 22 Episode:

Let's not forget the 400 lights service at Lincoln Memorial. And the pandemic rages on.
https://npr.org/sections/coronavirus-live-updates/2021/01/19/958449203/400-lights-for-400-000-dead-to-illuminate-lincoln-memorial-reflecting-pool

True, that.

Just a thorough and interesting discussion of the topic.
The Cliff Notes version: nobody but Mr. Bezos knows.
SA Article

SCG MSSMX UP 5.01% today.
Just sayin'.

Well Cathie Wood has done extremely well and she has increased assets in her fund to $45B from $2B just a year ago. She also takes on an inordinate amount of risk. So far that has played out very well but I doubt that will continue. At some point the chickens will come home to roost. Proceed with caution

ALL investments involve risk. The ARK funds are no different. Being an investor of some of them in the mid $50's I'm not worried, Yet. It's how one manages the risks that's important.

Morningstar says the "payout ratio" is 135.75% (i.e. that ATT is not earning its dividend).
Value Line says "all dividends to net profit" is 63% (i.e. that the dividend is quite well covered by earnings.)
Am I interpreting these numbers incorrectly, or are they simply in conflict ?

https://www.barrons.com/articles/ark-etfs-might-be-too-popular-for-their-own-good-51611234009?siteid=yhoof2
I don't own any ARK. Stay Safe, Derf

Looking at MSSMX Eye watering YTD + 136.75% 1 year + 127.18% it holds overstock.com ++607.77% 1 year.. .too late ? The Wasatch small caps look greta also - alas... closed . It looks like best open option is ARTSX

Yeah, you could have said something similar to that on 12/31/20:
"WOW! MSSMX is UP 150% in 2020. I can't buy that now. I'm too late."
Or, you could have bought it on 12/31/20 and be UP 16.5% YTD heading into today. Or have bought ARTSX on 12/31/20 and be UP 5.4% YTD.
ARTSX is a great SCG fund and made my above-posted original scoping list. But MSSMX was my SCG choice because it has consistently outperformed virtually every other SCG fund over all time periods. And I see no reason to expect anything different than that going forward.
Granted, MSSMX's SD is notably higher than most other SCG funds. BUT...as one legendary forum poster always used to say, "Volatility is the price you pay for growth."
YMMV, and I think it does. I think you posted elsewhere that you are risk adverse and I replied that feast/famine EMs are therefore NOT the place for you to be. I would echo that same comment on SCG. SCV and FCPVX might be a better option for you in SCs.
EDIT: WMICX is OPEN/NTF at Fido.

@Observant1 et al
Relative to the thematics of the day.....
Through year end of 1987, Fidelity had 35 select/sector mutual funds; with several of these beginning life in 1981. Eight of the 35 were added in 1985, and another 12 were added in 1986.
As I noted previous in another thread, IMHO, thematic investing is not new for availability to the retail investor; but it has evolved. The sector funds became thematic etf's.
The Fido select funds started as and are mutual funds usually holding a large number of companies within. Etf's may also have a large number of holdings, but some are very focused, with 30 or so holdings.
Info only Sidenote: Fidelity unveiled same-day trading of its 31 Select/Sector Portfolio funds, which enabled investors to get quotes on an hourly basis and redeem or purchase shares between 10:00 a.m. and 4:00 p.m. rather than waiting until after 4:00 p.m. to get a fund's closing net asset value. Later eliminated.
Amateur opinion: Yes, some of the numerous thematic, factor and flame thrower etf's that have come to market during the past several years will have problems and cause portfolio damage at some point. The best one can do with these investments is to fully understand the areas of investments and why you feel there is a positive path forward in a given sector for investment. Yes, there are some "dot.com" types out there that are not proven and without profit.
We've held two very narrow focused etf's; one which is no longer held, ZROZ, and the other still remains, BOTZ.
The 36 holdings within ZROZ, Pimco long term treasury(s) are rock solid holdings, but the etf can be as volatile as a narrow focused equity etf. Obviously, the etf performance is subject to long term interest rate fluctuations and what the bond players in this area perceive. BOTZ has about 39 holdings in the robotics area. We still have faith in this market area and the companies within the fund.
The fickle markets, trends and whatever else can and may have various unknown impacts in all of these areas.
We retail investors are an interesting group of thinkers, eh?
Take care,
Catch

Looking at MSSMX Eye watering YTD + 136.75% 1 year + 127.18% it holds overstock.com ++607.77% 1 year.. .too late ? The Wasatch small caps look greta also - alas... closed . It looks like best open option is ARTSX

What worked yesterday may not work going forward, until it does again, We invest in cycles and cycles trend up and down.

The most significant investing trends over the last 10 years can be summarized as follows…
1. Large Caps over Small Caps.
2. US over International.
3. Growth over Value.
4. Tech over Everything.
5. Long Duration over Short Duration (Yields Falling, Curve Flattening).
6. Stocks over Commodities.
7. When Covid-19 first hit the US last February and March, all of these pre-existing trends accelerated.

when-secular-trends-reverse/

Here's some insight on the topic, albeit a bit dated from 08/2020.
https://www.investors.com/news/robinhood-investors-charging-into-stock-investing-what-could-go-wrong/
And some 2020 stats that another more learned poster may add some color to:
https://www.businessofapps.com/data/robinhood-statistics/
Excerpt;
Robinhood Total Transactions
2015 $500 million
2017 $50 billion
2018 $100 billion
2019 $150 billion

Let's not forget the 400 lights service at Lincoln Memorial. And the pandemic rages on.
https://npr.org/sections/coronavirus-live-updates/2021/01/19/958449203/400-lights-for-400-000-dead-to-illuminate-lincoln-memorial-reflecting-pool