With over $ 1,853.2 billion of assets under management and a wide variety of mutual funds spanning across a wide spectrum of sectors, Fidelity Investments is one of the largest mutual fund companies in the world. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution and clearance and life insurance products to its clients. At Fidelity, a large group of investment professionals carry out extensive and in-depth research to provide potential investment avenues worldwide for their investors.
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, investors can click here to see the complete list of funds.
Fidelity Advisor Health Care A (FACDX - MF report) focuses on acquiring common stock. It invests the majority of its assets in companies whose principal operations are related to the design, manufacture or sale of products or services for health care or medicine. The fund returned 57.14% over the last one year period.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.13% compared to a category average of 1.45%.
Fidelity Advisor Overseas A (FAOAX - MF report) invests a large share of its assets in foreign securities. The fund distributes its investments across various countries and regions and focuses on acquiring common stocks. It focuses on acquiring common stocks. The fund returned 27.70% over the last one year period.
As of November 2013, this Fidelity mutual fund held 229 issues, with 2.28% of its total assets invested in Nestle SA.
Fidelity Select Gold (FSAGX - MF report) invests the majority of its assets in companies from the insurance sector. The fund purchases both domestic and foreign securities using fundamental analysis while taking into account market conditions. The fund is non-diversified and returned -35.28% over the last one year period.
Peter Deutsch is the fund manager and he has managed this Fidelity mutual fund since June 2013.
Fidelity Advisor Latin America A (FLFAX - MF report) seeks capital appreciation over the long term. The fund utilizes a large share of its assets to purchase securities issued from Latin America. A maximum of 35% of its assets are invested in any industry which makes up more than 20% of the Latin American market. The fund returned -22.31% over the last one year period.
The Fidelity mutual fund has an expense ratio of 1.35% compared to a category average of 1.78%.
Fidelity Growth Company (FDGRX) seeks capital growth. It invests the lion’s share of its assets in common stocks of growth-oriented companies. The fund invests in both domestic and foreign securities. It uses fundamental analysis as well as considers market factors for investments. The fund returned 35.83% over the last one year period.
Steven S. Wymer is the fund manager and he has managed this Fidelity mutual fund since 1997.
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. Learn more about the Zacks Mutual Fund Rank.
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