3 Mutual Funds To Buy On Strong Consumer Confidence

The question here is: why should investors consider mutual funds? Reduced transaction costs and diversification of portfolio without several commission charges that are associated with stock purchases are primarily why one should be parking money in mutual funds.

Fidelity Select Utilities Portfolio (FSUTX - Free Report) invests the lion’s share of its assets in common stocks of companies primarily involved in the utility sector, and companies that derive the major portion of their revenues from operations related to this sector.

This Sector – Utilities product has a history of positive total returns for over 10 years. Specifically, the fund has returned 16.3% over the three-year and 9.8% over the five-year benchmarks.

FSUTX has an annual expense ratio of 0.78%, which is below the category average of 1.11%.

Fidelity Select Leisure Portfolio (FDLSX - Free Report) seeks capital appreciation. FDLSX normally invests at least 80% of its assets in common stocks of companies principally engaged in the design, production, or distribution of goods or services in the leisure industries. The fund offers dividends and capital gains twice a year in April and December.

This Sector – Other product has a history of positive total returns for over 10 years. Specifically, the fund has returned 15.6% over the three-year and 11.1% over the five-year benchmarks.

FDLSX has an annual expense ratio of 0.76%, which is below the category average of 1.27%.

Fidelity Select Consumer Discretionary Portfolio (FSCPX - Free Report) invests in large-blend companies. The objective of FSCPX is to seek capital appreciation. FSCPX normally invests at least 80% of its assets in common stocks of companies principally engaged in the manufacture and distribution of goods and services to both domestic and international consumers.

This Sector – Other product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the three and five-year benchmarks are 15.4% and 11.1%, respectively.

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