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Top 5 Fidelity Mutual Funds
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ShareOne of the world’s largest mutual fund companies, Fidelity Investments offers a wide range of mutual funds to its customers and provides fund distribution, investment advice and discount brokerage services. With over $146.3 billion of assets under management, the company also provides retirement services, wealth management, securities execution and clearance and life insurance products. Fidelity bases its investment decisions on rigorous research and believes its greatest strength is an unrivalled global team of nearly 4000 investment professionals.
Below we will share with you 5 top rated Fidelity mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all Fidelity funds, then click here.
Fidelity Real Estate Income (FRIFX) seeks above-average income with a secondary objective of capital appreciation. The fund focuses on acquiring common and preferred stocks of real estate investment trusts. It also invests in debt securities from the real estate sector as well as other asset-backed securities. The fund returned 22.33% over the last one year period.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.96% compared to a category average of 1.50%.
Fidelity Capital & Income (FAGIX) invests in both equity and debt, with a greater emphasis on lower-rated debt securities. It may consider for investment companies with comparatively poor financial strength. It returned 23.31% in the last one year and has a three year annualized return of 9.46%.
Mark Notkin is the fund manager and he has managed this Fidelity mutual fund since 2003.
Fidelity Global Balanced (FGBLX) seeks both current income and capital appreciation. The fund invests in both equity and debt securities issued from any country. The relative size of the region as compared to the global market is considered while selecting investments from the area. The fund has a five year annualized return of 6.74%.
As of September 2010, this Fidelity mutual fund held 810 issues, with 2.62% of its total assets invested in France (Govt Of) 3.5%.
Fidelity Select Utilities (FSUTX) invests the majority of its assets in utility companies or those deriving a large share of their revenues from operations in this sector. It is non-diversified and may purchase foreign securities. It may also invest a large share of its assets in a single issuer. It is a no-load fund.
The Fidelity mutual fund returned 22.03% in the last one year period.
Fidelity Nordic (FNORX) seeks capital appreciation over the long term. The fund invests at least 80% of its assets in Danish, Finnish, Swedish and Norwegian securities. It may also invest up to 35% of its assets in a sector that makes up more than 20% of the Nordic regional market. The fund has a ten year annualized return of 4.87%.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.12% compared to a category average of 1.73%.
To view the Zacks Rank and past performance of all Fidelity mutual 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 athttp://www.zacks.com/funds.
Read the full analyst report on FRIFX
Read the full analyst report on FAGIX
Read the full analyst report on FGBLX
Read the full analyst report on FSUTX
Read the full analyst report on FNORX
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| Market Summary | May 26, 2012 09:02 am ET |
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