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Buy These 3 Fidelity Mutual Funds for Handsome Gains

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Fidelity boasts huge mutual fund assets under management and a wide variety of funds, covering a huge spectrum of sectors. Fidelity Investments is one of the largest and oldest mutual fund companies in the world. It provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution, and clearance and life insurance products to its clients.

At Fidelity Investments, a large group of investment professionals carry out extensive and in-depth research to offer potential investment avenues worldwide for investors. Fidelity had total assets of about $9.8 trillion under management (as of Dec 31, 2020). The company manages more than 504 mutual funds across a broad range of categories, including 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 peers in the future. Investors can click here to see the complete list of funds.

Fidelity Select Software & IT Services Portfolio (FSCSX - Free Report) invests the majority of assets in companies whose primary operations are related to software or information-based services. It primarily focuses on acquiring common stocks of both domestic and foreign companies. FSCSX has three-year annualized returns of 26.6%.

As of the end of February 2021, FSCSX held 71 issues with 24.64% of its assets invested in Microsoft Corp.

Fidelity Series Emerging Markets Opportunities Fund (FEMSX - Free Report) aims for capital appreciation. The fund invests the majority of its assets in common stocks of issuers in emerging markets and other investments that are tied economically to emerging markets. FEMSX has three-year annualized returns of 10.6%.

Sam Polyak has been the fund manager of FEMSX since 2010.

Fidelity Select Health Care Portfolio (FSPHX - Free Report) aims for capital appreciation. The non-diversified fund invests the majority of assets in common stocks of companies principally engaged in the design, manufacture, or sale of products or services used for or in connection with health care or medicine. FSPHX has returned 20.7% in the past three years.

FSPHX has an expense ratio of 0.70% compared with the category average of 1.03%.

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

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