Moreover, these funds have encouraging third-quarter and YTD returns. Given such circumstances, we have highlighted four Fidelity mutual funds carrying a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy) that are poised to gain from such factors. Technology Select Sector SPDR (XLK) has climbed 29.1% in the YTD period and has remained the best-performing sector so far this year among the 11 S&P 500 sectors. Among the cyclical sectors, the fund family invested the maximum in the financial services sector, while among the defensive sectors it invested heavily in healthcare. From the sensitive sectors, most investments were made in the technology sector.
What Contributed to Fidelity’s Gains?įidelity invests in a variety of sectors that are sensitive, cyclical and defensive. FAGOX, which invests a bulk of its assets in common stocks of companies with above-average growth potential, returned 17% in the third quarter and has added 47.1% so far this year. The fund posted solid gains in the period between July and September. As of Sep 30, 2020, out of the total number of funds under Fidelity, only 3.2% were load funds, while the remaining 96.8% were no load funds.įurther, Fidelity Advisor Growth Opportunities Fund Class M FAGOX turned up as one of the best-performing mutual funds from the Fidelity family. The initial investment of the majority of Fidelity mutual funds ranges from $0 to $2,500. By the end of the third quarter, Fidelity Investments had around $8.3 trillion of assets under management.
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