Fidelity has huge mutual fund assets under management and a wide range of funds spanning a huge range of sectors. Fidelity Investments is one of the largest and oldest mutual fund companies in the world. It offers its clients investment advice, discount brokerage services, retirement planning, asset management, securities settlement, as well as clearing and life insurance products.
At Fidelity Investments, a large group of investment professionals conduct extensive and thorough research to identify potential investment opportunities around the world. Fidelity had assets under management of approximately $ 11.1 trillion as of June 30, 2021. The company manages more than 504 mutual funds in a wide range of categories including domestic and overseas funds, as well as equity and pension funds.
Below we introduce you to three first-class mutual funds from Fidelity. Everyone has earned a Zacks Mutual Fund Rank # 1 (Strong Buy) and is expected to outperform their competitors in the future. Investors can click here for the full list of funds.
Fidelity Select software and IT services portfolio FSCSX invests the majority of its assets in companies whose main business activity is related to software or information-based services. Its main focus is on acquiring common stock in domestic and overseas companies. The FSCSX has an annualized three-year return of 25.2%.
At the end of August 2021, FSCSX held 69 issues, with 24.9% of its assets in Microsoft Corp. were invested.
Fidelity Value Discovery Fund Class K FVDKX seeks capital appreciation. The Fund invests the majority of its assets in common stocks of companies that are undervalued in the market in terms of assets, sales, earnings, growth potential or cash flow, or in relation to the securities of other companies in the same industry. FVDKX has returned 11.1% over the past three years.
Sean Gavin has been the fund manager of the FVDKX since 2012.
Fidelity Series Blue Chip Growth Fund The FSBDX aims for long-term capital appreciation. The fund invests primarily in blue chip companies, which typically have large or medium market capitalizations. It has a three-year annualized return of 29.1%.
FSBDX has an expense ratio of 0.00% versus the category average of 0.99%.
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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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.