4 Fidelity Mutual Funds To Buy In December

Fidelity Investments is one of the largest and oldest mutual fund companies in the world. Recently, Fidelity mutual funds got more attention from investors looking for stable returns. After all, Fidelity offers a variety of investment options, from sector-based funds to key actively managed funds. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution, and clearance and life insurance products to clients.

At Fidelity, a large group of investment professionals carry out extensive and in-depth research to provide potential investment avenues worldwide to their investors. To top it, low expenses, effective fund management and the ability to survive market volatility have resulted in strong fund performance.

Fidelity’s Recent Performance

By the end of the third quarter, Fidelity Investments had more than $1.9 trillion of assets under management. The initial investment of the majority of Fidelity mutual funds ranges from $0 to $2,500. As of Nov 29, 2019, out of the total number of funds under Fidelity, only 3.2% were load funds, while the remaining 96.8% were no load funds.

Further, Fidelity Advisor Growth Opportunities Fund Class M (FAGOX - Free Report) turned out to be one of the best-performing mutual funds from the Fidelity family. The fund posted solid gains in the year-to-date period. FAGOX, which invests a bulk of its assets in common stocks of companies with above-average growth potential, has returned 26.1% over the past three years.

What Contributed to Fidelity’s Gains?

Fidelity invests in a variety of sectors that are sensitive, cyclical and defensive. From the sensitive sectors, most investments were made in the technology sector. 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.

Technology Select Sector SPDR (XLK) climbed 42.7% in the YTD period and has remained the best-performing sector so far this year among the 11 S&P 500 sectors.

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