Top 5 Zacks #1 Ranked Fidelity Mutual Funds - Best of Fund Family
October 09 2012 - 8:15AM
Zacks
Founded over four decades ago, Fidelity Investments is one of
the world’s largest mutual fund companies. With over $1.5 trillion
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 nearly 1000 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 Equity-Income (FEQIX) invests the
majority of its assets in equity securities which generate income,
focusing on acquiring large cap stocks. The fund purchases both
domestic and foreign securities. It may also invest in debt
securities, including those of lower quality. The fund returned
15.7% over the last one year period.
James Morrow is the fund manager and he has managed this
Fidelity mutual fund since October 2011.
Fidelity International Discovery (FIGRX) seeks capital
appreciation over the long term. The fund focuses on purchasing
foreign securities and invests in common stock. It invests in
different countries as well as regions and selects investments by
conducting a fundamental analysis of each issuer. The fund returned
.95% over the last one year period.
The Fidelity mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 0.92% compared to a category average
of 1.29%.
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 -26.35% over the last one year
period.
As of August 2012, this Fidelity mutual fund held 145 issues,
with 13.04% of its total assets invested in Goldcorp, Inc.
Fidelity Advisor Health Care A (FACDX) seeks capital
growth. The fund 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 returned 19.09% over the last
one year period.
Edward Lee Yoon is the fund manager and he has managed this
Fidelity mutual fund since September 2008.
Fidelity Select Natural Resources (FNARX) invests a large
share of its assets in companies whose principal operations are
related to natural resources or providing services to companies
from the sector. The fund focuses on acquiring common stock and
also invests in specific precious metals. The fund returned -5.94%
over the last one year period.
The Fidelity mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 0.84% compared to a category average
of 1.45%.
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.
View All Zacks #1 Ranked Mutual Funds
(FACDX): ETF Research Reports
(FEQIX): ETF Research Reports
(FIGRX): ETF Research Reports
(FNARX): ETF Research Reports
(FSAGX): ETF Research Reports
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