Time to Fidelity New Markets Income Fund (FNMIX)
Fidelity New Markets Income Fund (FNMIX) invests at least 80% of its total assets in debt securities of issuers in emerging markets and other investments that are tied economically to emerging markets. FNMIX potentially invests in equity securities of emerging market issuers, debt securities of non-emerging market foreign issuers, and lower quality debt securities of U.S. issuers. The main objective of FNMIX is to seek a high level of current income with a secondary objective of capital appreciation.
This Intl Bond - Emerging product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 5.7% and 5 year 6%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FNMIX’s performance, as of the last filing, when compared to funds in its category was in the top 6% over the past 1 year, and in the top 1% over the past 3 years and in the top 3% over the past 5 years.
This Zacks Rank #1 (Strong Buy) was incepted in May 1993 and is managed by Fidelity. FNMIX carries an expense ratio of 0.84% and requires a minimal initial investment of $2,500.
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