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3 Fidelity Mutual Funds for Stupendous Returns

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Fidelity boasts huge mutual fund assets under management and a wide variety of funds, spanning a wide spectrum of sectors. Fidelity Investments is one of the largest and oldest 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 investors. Fidelity had total assets of about $2 trillion under management (as of Aug 31, 2019). The company manages over 504 mutual funds across a wide range of categories including both 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 its peers in the future. Investors can click here to see the complete list of funds.

Fidelity International Capital Appreciation Fund (FIVFX - Free Report) invests its assets heavily in securities of foreign issuers, primarily those from the emerging economies. FIVFX seeks to invest in common stocks and aims at maximizing long-term growth of capital by allocating investments across different nations and regions of the world. FIVFX has returned 16.5% in the past three-year period.

Sammy Simnegar has been the fund manager of FIVFX since 2008.

Fidelity Select Medical Technology And Devices Portfolio (FSMEX - Free Report) fund invests a large portion of its assets in securities of companies engaged in the manufacturing and distribution of medical devices and equipment. The fund invests in both U.S. and non-U.S. stocks. FSMEX has three-year annualized returns of 24%.

As of November 2019, FSMEX held 53 issues with almost 10.83% of its assets invested in Boston Scientific Corp.

Fidelity Equity-Income Fund (FEQIX - Free Report) seeks reasonable income and capital appreciation. FEQIX normally invests at least 80% of its assets in equity securities. The fund also spends on income-producing securities that lead to investments in large capital, value stocks. Moreover, it invests in domestic and foreign issuers. FEQIX has three-year annualized returns of 9.9%.

FEQIX has an expense ratio of 0.61% compared with the category average of 1.01%.

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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