Zacks #1 Ranked Fidelity Mutual Funds - Best of Fund Family
19 September 2013 - 3:00AM
Zacks
Founded over four decades ago, Fidelity Investments is one of
the world’s largest mutual fund companies. With over $1.76 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 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 Select Insurance (FSPCX) invests a large share
of its assets in companies from the insurance sector. The fund
purchases both domestic and foreign securities. The fund is
non-diversified and returned 41.33% over the last one year
period.
The Fidelity mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 0.85% compared to a category average
of 1.57%.
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 56.44% over the last one year
period.
As of July 2013, this Fidelity mutual fund held 158 issues, with
14.48% of its total assets invested in Gilead Sciences Inc.
Fidelity Select Gold (FSAGX) invests heavily in companies
whose principal operations are related to gold as well as in gold
bullion or coins. A maximum of 25% of its assets are invested in
precious metals via a wholly owned subsidiary. The fund is
non-diversified and returned - 37.55% over the last one year
period.
Joe Wickwire is the fund manager and he has managed this
Fidelity mutual fund since August 2007.
Fidelity China Region (FHKCX) seeks long term capital
growth. The fund invests a large share of its assets in securities
issued from Hong Kong, Taiwan and China. It may invest a maximum of
35% of its assets in a sector which makes up more than 20% of the
Hong Kong, Taiwan and China market. The fund returned 23.22% over
the last one year period.
The Fidelity mutual fund has an expense ratio of 0.98% compared
to a category average of 1.80%.
Fidelity Large Cap Stock (FLCSX) invests the majority of
its assets in companies whose market capitalizations are identical
to those which are part of the Russell 1000 Index or S&P 500.
The fund focuses on acquiring common stocks and invests in both
domestic and foreign companies. The fund returned 34.69% over the
last one year period.
Matthew W. Fruhan is the fund manager and he has managed this
Fidelity mutual fund since 2005.
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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