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3 Fidelity Mutual Funds to Buy for Striking Returns

Fidelity boasts huge mutual fund assets under management and a wide variety of funds, covering a huge spectrum of sectors. Fidelity Investments is one of the largest and oldest mutual fund companies in the world. It provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution, and clearance and life insurance products to its clients.

At Fidelity Investments, a large group of investment professionals carry out extensive and in-depth research to offer potential investment avenues worldwide for investors. Fidelity had total assets of about $10.4 trillion under management (as of Mar 31, 2021). The company manages more than 504 mutual funds across a broad range of categories, including domestic as well as foreign funds, and equity and fixed income funds.

Below we share with you three top-ranked Fidelity mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

Fidelity Select Software & IT Services Portfolio FSCSX invests the majority of its assets in companies whose primary operations are related to software or information-based services. It primarily focuses on acquiring common stocks of both domestic and foreign companies. FSCSX has three-year annualized returns of 25.8%.

As of the end of April 2021, FSCSX held 69 issues with 25.6% of its assets invested in Microsoft Corp.

Fidelity Series Emerging Markets Opportunities Fund FEMSX aims for capital appreciation. The fund invests the majority of its assets in common stocks of issuers in emerging markets and other investments that are tied economically to emerging markets. FEMSX has three-year annualized returns of 14.2%.

Sam Polyak has been the fund manager of FEMSX since 2010.

Fidelity Blue Chip Growth Fund FBGRX seeks capital appreciation. The fund invests the majority of assets in blue-chip companies. The fund, which primarily focuses on established and well-known companies, invests in securities of both U.S. and non-U.S. issuers. FBGRX has three-year annualized returns of 28.9%.

FBGRX has an expense ratio of 0.79% compared with the category average of 0.99%.

To view the Zacks Rank and past performance of all Fidelity mutual funds, investors can click here to see the complete list of funds.

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