Changes to Models – 4/22/11

New Advice for this week: Sell Fidelity OTC Portfolio (FOCPX) in all three Fidelity-only model portfolios. In the Fid Cons & Mod, replace it with Small Cap Discovery (FSCRX). In the Fid Vent, buy Leveraged Company (FLVCX).

Actions Taken (Hotline 4/13): In the Fidelity Venturesome & Moderate, sold Pacific Basin (FPBFX) and bought Emerging Asia (FSEAX).

Pacific Basin has rallied in the rankings after taking a 11% hit in mid-March, but with more than 1/3 of its portfolio in Japan, the switch to Emerging Asia (no Japan) makes sense.