With over $1.5 trillion of assets under management and a wide variety of mutual funds spanning across a wide spectrum of sectors, Fidelity Investments is one of the largest 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, nearly 1000 investment professionals carry out extensive and in-depth research to provide potential investment avenues worldwide for their investors.
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 Capital Appreciation (FDCAX) seeks long term capital appreciation by primarily investing in a synchronized blend of growth and value stocks of domestic as well as foreign companies. It focuses on fundamental analysis for stock picking by rigorous evaluation of micro as well as macro specific factors. The fund returned 3.44% in the last one year period. .
J. Fergus Shiel is the fund manager and he has managed this Fidelity mutual fund since October 2005.
Fidelity US Bond Index (FBIDX) is a passively managed index fund which seeks to replicate the performance of the Barclays Capital U.S Aggregate Bond Index. The fund uses statistical sampling techniques in order to mimic almost the exact performance of the above mentioned index. The fund returned 8.48% in the last one year period.
The Fidelity mutual fund has a minimum initial investment of $10,000 and an expense ratio of 0.27% compared to a category average of 0.91%.
Fidelity Select Telecommunication (FSTCX) seeks capital appreciation over the long term by pre-dominantly investing in securities of companies principally engaged in development, manufacture or sale of communication services or communication equipments. The fund returned -3.32% in the last one year period.
As of December 2011, this Fidelity mutual fund held 40 issues, with 21.32% of its total assets invested in AT&T Inc.
Fidelity Real Estate Investment (FRESX) seeks above average regular income and long term capital appreciation by investing predominantly in common stock of both domestic and foreign companies primarily in the real estate industry. It follows a fundamental top-down stock picking technique by an in-depth analysis of the economy, industry and company (:EIC) specific factors. The fund returned 11.8% in 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 1.39%.
Fidelity New Markets Income (FNMIX) primarily seeks high current income by investing a large proportion of its assets in emerging market securities and other instruments related to such markets. It is a non diversified fund and may also invest in other instruments. The fund returned 11.35% in the last one year period.
John Carlson is the fund manager and he has managed this Fidelity mutual fund since June 1995.
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 at http://www.zacks.com/funds.
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