Should You Buy Fidelity International Discovery Fund (FIGRX)?
Fidelity International Discovery (FIGRX) a Zacks Ranked #1 (Strong Buy) was incepted in December 1986 and is managed by Fidelity Group. The objective of FIGRX is to seek capital growth and current income, consistently with reasonable investment risk. FIGRX invests primarily in non-U.S. securities. Normally FIGRX invests a majority of the fund's assets in common stocks with a focus on those that pay current dividends and show potential for capital appreciation. FIGRX invests in debt securities, including lower-quality debt securities. FIGRX allocates investments across countries and regions considering the size of the market in each country and region relative to the size of the international market as a whole.
This Non U.S.-Equity fund, as of the last filing, allocates their fund in two major groups; Foreign Stock and Large Growth. Further, as of the last filing, TOTAL S.A., Novartis AG and Unilever plc were the top holdings for FIGRX.
Fidelity International Discovery, managed by Fidelity , carries an expense ratio of 0.99%. Moreover, FIGRX requires a minimal initial investment of $1,000.
FIGRX has a history of positive returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 4.82%, 3 year 7.33% and 5 year 5.03%. To see how this fund performed compared in its category, please click here.
FIGRX’s performance, as of the last filing, when compared to funds in its category was in the top 9% in 1 year, top 12% over the past 3 years, and in the 15% over the past 5 years.
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