With over $ 1,853.2 billion 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, a large group of 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 Advisor Health Care A (FACDX) focuses on acquiring common stock. It invests the majority of its assets in companies whose principal operations are related to the design, manufacture or sale of products or services for health care or medicine. The fund has a five year annualized return of 22.63%.
The Fidelity mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.13% compared to a category average of 1.40%.
Fidelity Advisor Latin America A (FLFAX) seeks capital appreciation over the long term. The fund utilizes a large share of its assets to purchase securities issued from Latin America. A maximum of 35% of its assets are invested in any industry which makes up more than 20% of the Latin American market. The fund has a five year annualized return of -2.17%.
As of September 2013, this Fidelity mutual fund held 82 issues, with 7.64% of its total assets invested in America Movil, S.A.B. de C.V. ADR.
Fidelity Advisor Overseas A (FAOAX) invests the majority of its assets in foreign securities. The fund distributes its investments across various countries and regions and focuses on acquiring common stocks. It focusses on acquiring common stocks. The fund has a five year annualized return of 10.15%.
Graeme Rockett is the fund manager and he has managed this Fidelity mutual fund since August 2005.
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 has a five year annualized return of 24.32%.
The Fidelity mutual fund has an expense ratio of 0.79% compared to a category average of 1.46%.
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 has a five year annualized return of 4.91%.
Joe Wickwire is the fund manager and he has managed this Fidelity mutual fund since 2007.
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.
Read the analyst report on FACDX
Read the analyst report on FLFAX
Read the analyst report on FAOAX
Read the analyst report on FBIOX
Read the analyst report on FSAGX
View All Zacks #1 Ranked Mutual Funds
Zacks Investment Research