Top 5 Zacks #1 Ranked Fidelity Mutual Funds - Best of Fund Family
23 April 2013 - 10:08PM
Zacks
Founded over four decades ago, Fidelity Investments is one of
the world’s largest mutual fund companies. With over $1.67 trillion
of assets under management, it offers a wide variety of mutual
funds and provides fund distribution, investment advice and
discount brokerage services. Among its other operations, it offers
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 1000 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, investors
can click here to see the complete list of funds.
Fidelity Growth Company (FDGRX) seeks capital growth. It
invests a large share of its assets in common stocks of
growth-oriented companies. The fund invests in both domestic and
foreign securities. It selects those securities for its investment
that have significant growth potential. The fund returned 6.12%
over the last one year period.
Steven S. Wymer is the fund manager and he has managed this
Fidelity mutual fund since January 1996.
Fidelity International Discovery (FIGRX) invests in
different countries as well as regions and selects investments by
conducting a fundamental analysis of each issuer. The fund focuses
on purchasing foreign securities and invests in common stock. The
fund returned 14.42% over the last one year period.
As of February 2013, this Fidelity mutual fund held 191 issues,
with 2.06% of its total assets invested in Royal Dutch Shell PLC
Class B.
Fidelity Select Biotechnology (FBIOX) seeks capital
growth. The fund invests the majority of its assets in
biotechnology companies as well as those seeking to benefit from
advances in the biotechnological sector. It focuses on acquiring
common stocks and may also purchases securities issued by foreign
companies. The fund returned 37.09% over the last one year
period.
The Fidelity mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 0.83% compared to a category average
of 1.52%.
Fidelity Advisor Leveraged Company Stock A (FLSAX)
invests heavily in common stocks of leveraged companies. These are
firms which issue debt securities of lower quality as well as those
with leveraged capital structures. The fund returned 24.71% over
the last one year period.
Thomas T. Soviero is the fund manager and he has managed this
Fidelity mutual fund since 2003.
Fidelity Advisor Gold A (FGDAX) seeks capital growth. The
fund invests the majority of its assets in companies involved in
gold related activities and also in gold bullion or coins. A
maximum of 25% of its assets are invested in precious metals via a
wholly owned subsidiary. The fund returned -24.97% in the last one
year period.
The Fidelity mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 1.14% compared to a category average
of 1.42%.
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.
View All Zacks #1 Ranked Mutual Funds
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