3 Fidelity Mutual Funds For A Steady Portfolio

Fidelity Investments is considered one of the leaders in the financial services industry with presence in eight countries of North America, Europe, Asia and Australia, and more than 400 research professionals. The company carries out operations in the United States through 196 Investor Centers.

Fidelity offers investment advice, discount brokerage services, retirement services, wealth management services, securities execution, and clearance and life insurance products to its clients. It serves more than 27 million individual investors.

At Fidelity, a large group of investment professionals carry out extensive and in-depth research to provide potential investment avenues worldwide for investors. Fidelity had total assets of about $2 trillion under management (as of Aug 31, 2019). The company manages over 504 mutual funds across a wide range of categories including both 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. 

Fidelity Select Software & IT Services Portfolio (FSCSX - Free Report) fund 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 25.2%.

Ali Khan has been the fund manager of FSCSX since 2014.

Fidelity Select Medical Technology And Devices Portfolio (FSMEX - Free Report) fund invests a large portion of its assets in securities of companies engaged in the manufacturing and distribution of medical devices and equipment. The fund invests in both U.S. and non-U.S. stocks. FSMEX has three-year annualized returns of 23.7%.

As of October 2019, FSMEX held 54 issues with almost 10.52% of its assets invested in Boston Scientific Corp.

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