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Fidelity Investments is one of the largest and oldest mutual fund companies in the world. The company serves nearly 25 million individual customers. As of December 31, 2015, it had total assets of $5.15 trillion, with $2.04 trillion under management. Fidelity Investments carries out operations in the U.S. through 10 regional offices and over 180 Investor Centers. It also has its presence in eight other countries of North America, Europe, Asia and Australia. The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution and clearance and life insurance products to its clients. At Fidelity, a large group of investment professionals carry out extensive and in-depth research on potential investment avenues worldwide. Below, we share with you four 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. To view the Zacks Rank and past performance of all Fidelity mutual funds, investors can click here . Fidelity Select Telecommunications Portfolio No Load (MUTF: FSTCX ) invests the majority of its assets in securities of companies primarily involved in the manufacture and sale of communications services or communications equipment. It invests in both domestic and foreign issuers. Factors including financial condition and industry position, as well as market and economic conditions are considered before investing in a company. The fund is non-diversified and has a three-year annualized return of 7.5%. As of March 2016, FSTCX held 51 issues, with 22.18% of its assets invested in AT&T Inc. (NYSE: T ). Fidelity Select Retailing Portfolio No Load (MUTF: FSRPX ) seeks growth of capital. It invests a large chunk of its assets in securities of firms involved in merchandising finished goods and services to consumers. FSRPX focuses on acquiring common stocks of companies throughout the globe. Factors including financial strength and economic condition are considered before investing in a company. The fund has a three-year annualized return of 18.3%. Deena Friedman has been the fund manager of FSRPX since 2014. Fidelity Select Software & IT Services Portfolio No Load (MUTF: FSCSX ) invests a major portion 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 uses fundamental analysis to select companies for investment purposes. It has a three-year annualized return of 15.9%. FSCSX has an expense ratio of 0.76%, as compared to a category average of 1.45%. Fidelity International Small Cap Opportunities Fund No Load (MUTF: FSCOX ) seeks capital appreciation. It invests the majority of its assets in small-cap companies located outside the U.S., including those from emerging countries. FSCOX emphasizes investing in common stocks of companies with market capitalization below $5 billion. The fund invests in securities issued in different countries. It has a three-year annualized return of 6.2%. Jed Weiss has been the fund manager of FSCOX since 2008. Original Post Scalper1 News
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