Sponsored Links 
Top 5 Best Performing Financial Funds
Print
ShareThe recent debate concerning financial reform has ensured that the financial sector has occupied significant mindspace recently. Concerns about the stability of many companies in this domain abound, but, select financial sector funds have continued to perform well and prospects over the long term continue to be bright. This is because the sector’s health is a reflection of the overall economic climate and the economy is already showing signs of recovery. With the benefits of professional management, financial funds offer the best option for those looking to invest in this sector.
Below we will share with you the 5 best performing financial funds year to date. To view the Zacks Rank and past performance of all financial funds, then click here.
| Mutual Fund | Zacks Rank | Total Return YTD |
| FBR Small Cap Financial Investor | #2 Buy | 5.2% |
| Fidelity Select Banking | #1 Strong Buy | 4.8% |
| Alpine Dynamic FInancial Services | #1 Strong Buy | 2.7% |
| Fidelity Select Insurance | #3 Hold | 2.4% |
| Forward Banking and Finance | #1 Strong Buy | 1.9% |
FBR Small Cap Financial Investor (FBRSX) seeks capital growth. The majority of its assets are invested in small-cap companies providing financial services to individuals and institutions. It concentrates on acquiring stocks of companies which invest in real estate through mortgages and related loans. Up to 20% of its assets may be used to purchase securities issued by large cap companies outside the financial sector. The fund has a ten year annualized return of 11.79%.
The fund manager is David Ellison and he has managed this financial fund since 1996.
Fidelity Select Banking (FSRBX) invests the majority of its assets in companies from the banking industry. Banks which are part of the Federal Reserve System, state chartered banks and domestic institutions whose deposits are not insured by the federal government are examples of the type of companies the fund invests in. The fund may also purchase foreign securities. It is a no-load fund.
This financial fund returned 27.32% in the last one year period.
Alpine Dynamic Financial Services (ADFSX) seeks long-term growth of capital and superior total returns. The fund invests heavily in domestic and foreign financial services companies. A significant portion of its assets are used to purchase equity securities of banks with the potential for above-average growth. The fund returned 23% over the last one year period.
This financial fund has a minimum initial investment of $1,000 and an expense ratio of 1.35% compared to a category average of 1.73%.
Fidelity Select Insurance (FSPCX) primarily invests at least 80% of its assets in insurance companies. This includes firms involved in underwriting, reinsuring, selling, distributing, or placing of property and casualty, life, or health insurance. The fund has a ten year annualized return of 4.04%.
As of June 2010, this financial fund held 36 issues, with 11.14% of its total assets invested in Berkshire Hathaway Inc. B.
Forward Banking and Finance A (HSSAX) seeks capital appreciation. It invests a large share of its assets in companies in the banking and financial services sector. At least 25% of its assets are invested in banks and a similar share is used to purchase securities of financial service companies. The fund returned 6.7% over the last one year period.
Kenneth Mertz II is the fund manager and he has managed this financial fund since 1997.
To view the Zacks Rank and past performance of all financial funds, then click here.
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. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
Read the full analyst report on FBRSX
Read the full analyst report on FSRBX
Read the full analyst report on ADFSX
Read the full analyst report on FSPCX
Read the full analyst report on HSSAX
Loading Stories...
|
||||||||||||||||||
More Zacks Resources
More Zacks Links
| Market Summary | May 26, 2012 06:32 am ET |
-74.92