Unlike most of the fund-rating systems, the Zacks Mutual Fund Rank is not just focused on past performance but also on the likely future success of the fund. Remember, the goal of the Zacks Mutual Fund Rank is to guide investors to identify potential winners and losers. We expect these funds to outperform their peers in the future. In addition, the minimum initial investment for these funds is within $5,000. We have, therefore, selected five Fidelity mutual funds that carry a Zacks Mutual Fund Rank #1 (Strong Buy). In fact, speaking of the top-performing mutual funds from the fund house in the last one year, Fidelity Select Semiconductors Portfolio FSELX gained the most with 64.5% returns, followed by Fidelity Advisor Semiconductors Fund Class A (FELAX) and Fidelity Select Technology Portfolio (FSPTX) with returns of 63.7% and 51.1%, respectively. The company also invested heavily in the sector in 2019, banking on the gains smartly. mutual funds to fixed income and equity mutual funds.įinally, Fidelity’s technology-specific mutual funds fared impressively in 2019, and were some of its top-performing mutual funds owing to the sector’s significant gains. The company manages more than 504 mutual funds across a broad range of categories, which can vary from U.S. In addition, most of the firm’s mutual funds (96.8%) were no-load funds against load funds (3.2%) as of Dec 30. A major reason behind this impressive figure is Fidelity’s diversified global financial services and asset management capabilities.Ī majority of Fidelity mutual funds’ minimum initial investment is quite low, ranging between $0 and $2500. Its strategies to invest extensively across various asset classes and employ a large band of investment professionals to manage the mutual funds are major reasons behind the firm’s popularity.įidelity Investment’s assets under management as of November 2019 were more than $8.2 trillion (comprising discretionary assets of $3.1 trillion). The company not only offers portfolio construction in the arena of mutual funds but also meet their clients’ precise requirements. Founded more than 70 years ago, Fidelity is one of the largest and most-diversified financial services companies in the world.
0 kommentar(er)
