5 Best-Performing Fidelity Mutual Funds Of 2019
Zacks Investment Research | Jan 23, 2020 09:57PM ET
Founded more than 70 years ago, Fidelity is one of the largest and most-diversified financial services companies in the world. The company not only offers portfolio construction in the arena of mutual funds but also meet their clients’ precise requirements. 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.
Here’s How Fidelity Fared in 2019
Fidelity Investment’s assets under management as of November 2019 were more than $8.2 trillion (comprising discretionary assets of $3.1 trillion). A major reason behind this impressive figure is Fidelity’s diversified global financial services and asset management capabilities.
A majority of Fidelity mutual funds’ minimum initial investment is quite low, ranging between $0 and $2500. In addition, most of the firm’s mutual funds (96.8%) were no-load funds against load funds (3.2%) as of Dec 30. The company manages more than 504 mutual funds across a broad range of categories, which can vary from U.S. and non-U.S. mutual funds to fixed income and equity mutual funds.
Finally, 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 also invested heavily in the sector in 2019, banking on the gains smartly.
In fact, speaking of the top-performing mutual funds from the fund house in the last one year, Fidelity Select Semiconductors Portfolio Original post
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