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Top Financial Equity Funds
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ShareToday we are featuring top-performing “Financial" equity mutual funds, which primarily invest in equity securities of financial services and related companies.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Financial Equity Funds.
3 Great Picks
Mutual Financial Services A (TFSIX) seeks capital appreciation. Income is a secondary consideration.
The fund generally invests the equity portion of its portfolio substantially in mid- and large cap companies. As of March 2009, its portfolio turnover was 41.98%.
Charles M. Lahr has been lead manager at the fund since December 2004. The fund has topped the total returns of its benchmark index in the last 1-, 3- and 5-year periods.
Dryden Financial Services A (PFSAX) seeks long-term capital appreciation by investing in equity securities of financial services companies worldwide.
The fund is designed for investors who belong to the “baby boomer” generation that needs to plan for their retirement. It is non-diversified.
Shareholders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (“Strong Buy”) fund. It offers dividends and capital gains annually.
Fidelity Select Home Finance (FSVLX) was incepted in December 1985. The investment seeks capital appreciation.
The fund primarily invests in common stocks of companies that provide mortgages or other consumer loans and related services associated with home finance. It may invest in securities of foreign issuers.
The fund’s key holdings include Hudson City Bancorp Inc. (HCBK - Analyst Report), People's United Financial Inc. (PBCT - Analyst Report) and New York Community Bancorp Inc. (NYB - Snapshot Report).
Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
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.
Read the full analyst report on TFSIX
Read the full analyst report on PFSAX
Read the full analyst report on FSVLX
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| Market Summary | May 25, 2012 16:08 pm ET |
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