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3 Top Fidelity Mutual Funds to Buy Now

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Fidelity Investments is considered one of the leaders in the financial services industry with presence in eight countries of North America, Europe, Asia and Australia, and more than 400 research professionals. The company carries out operations in the U.S. through 10 regional offices and over 180 Investor Centres. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution, and clearance and life insurance products to its clients. It serves more than 24 million individual investors.

Fidelity had total assets of $5.2 trillion, with $2.1 trillion under management. The company manages over 200 mutual funds across a wide range of categories including both domestic as well as foreign funds, and equity and fixed income funds.

Below we share with you three top-ranked Fidelity mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Fidelity funds, their Zacks Rank and past performance.

Fidelity Advisor Small Cap Growth A (FCAGX - Free Report) invests the majority of its assets in common stocks of small cap growth companies. FCAGX invests in securities issued throughout the globe after considering factors including financial strength and economic condition. Fidelity Advisor Small Cap Growth A has a three-year annualized return of 5.9%.

As of July 2016, FCAGX held 173 issues with 3.22% of its assets invested in 2U Inc.

Fidelity Select Technology (FSPTX - Free Report) seeks capital growth over the long run. FSPTX invests a large chunk of its assets in common stocks of companies primarily involved in production, development and sale of products used for technological advancement. FSPTX invests in both U.S. and non-U.S. companies. Factors including financial strength and economic condition are considered before investing in a company. Fidelity Select Technology Portfolio is non-diversified and has a three-year annualized return of 12.6%.

Charlie Chai is the fund manager and has managed FSPTX since 2007.

Fidelity Advisor Telecommunications A (FTUAX - Free Report) invests a large portion of its assets in common stocks of companies involved in operations related to communications services or communications equipment. FTUAX invests in securities of companies located worldwide. The fund seeks capital growth over the long run. Fidelity Advisor Telecommunications A is non-diversified and has a three-year annualized return of 6.2%.

FTUAX has an expense ratio of 1.15% as compared to the category average of 1.21%.

To view the Zacks Rank and past performance of all Fidelity mutual funds, investors can click here to see the complete list of funds.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.

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