Founded over four decades ago, Fidelity Investments is one of the world’s largest mutual fund companies. With $1,690.9 billion 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 42.94% 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 1.62%.
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 64.33% over the last one year period.
As of October 2013, this Fidelity mutual fund held 161 issues, with 16.78% 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 -50.47% 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 22.74% over the last one year period.
The Fidelity mutual fund has an expense ratio of 0.98% compared to a category average of 1.79%.
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 38.23% 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.
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Read the analyst report on FSPCX
Read the analyst report on FBIOX
Read the analyst report on FSAGX
Read the analyst report on FHKCX
Read the analyst report on FLCSX
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