Grab These 3 Fidelity Mutual Funds for Spectacular Returns
Fidelity has huge fund assets under management and a variety of funds that span a wide range of sectors. Fidelity Investments is one of the largest and oldest mutual fund companies in the world. The company offers its clients investment advice, discount brokerage, retirement planning, asset management, securities execution, as well as clearance and life insurance products.
At Fidelity Investments, a large group of investment professionals conduct extensive and thorough research in order to provide potential investment opportunities to investors worldwide. Fidelity had total assets of approximately $ 8.8 trillion as of September 30, 2020. The company manages more than 504 mutual funds across a variety of categories including domestic and offshore funds, as well as equity and pension funds.
Below we share three top-notch fidelity mutual funds with you. Everyone has received a Zacks Mutual Fund Rank 1 (Strong Buy) and is expected to outperform their peers in the future. Investors can click here for the full list of funds.
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The Fidelity Series FEMSX Emerging Markets Opportunities Fund seeks capital appreciation. The Fund invests the majority of its assets in common stocks of issuers in emerging countries and in other investments that are economically linked to emerging countries. FEMSX has an annualized three-year return of 5.2%.
As of October 2020, FEMSX held 263 issues with nearly 9.35% of its assets invested in Alibaba Group Holding Ltd ADR.
The Fidelity Blue Chip Growth Fund FBGRX seeks capital appreciation. The fund invests most of its assets in blue chip companies. The fund, which focuses primarily on established and well-known companies, invests in securities from US and non-US issuers. FBGRX has achieved a return of 23.2% over the past three years.
Sonu Kalra has been a fund manager at FBGRX since 2009.
FSPHX Fidelity Select Health Care portfolio seeks capital appreciation. The non-diversified fund invests the majority of its assets in common stocks of companies that design, manufacture or sell products, services for or related to health care or medicine. FSPHX has achieved a return of nearly 18.6% over the past three years.
FSPHX has an expense ratio of 0.70% versus the category average of 1.21%.
To view the Zacks rank and past performance of all Fidelity mutual funds, investors can click here for the full list of funds.
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