General Investing >> Money Manager Interviews >> October 17, 2014

Investing Amid the Cyclical Upswing in Health Care Demand

Bullock, Steve
Steve Bullock is a Research Analyst at Fidelity Management & Research Company, the investment adviser for Fidelity’s family of mutual funds. In this role, Mr. Bullock is a member of the health care team and is responsible for covering health insurers, providers, PBMs and drug distributors. In this capacity, he also manages the Select Medical Delivery Portfolio with $729 million assets under management as of September 30, 2014. Prior to assuming his current responsibilities in July 2012, Mr. Bullock was an Analyst on the industrial team, where he managed the Select Industrial Equipment Portfolio. Previously, he worked as an Analyst on the energy team covering gas utilities and Canadian oil sands. He has been in the investments industry since joining Fidelity in 2006. Profile
TWST: Can we start with an overview of the Fidelity Select Medical Delivery Portfolio? What is the investment philosophy of the fund?

Mr. Bullock: Select Medical Delivery focuses on a