The number of mutual funds managed by Fidelity stood at 573 as of Sep 30, 2014. At Fidelity, a large group of investment professionals carry out extensive and in-depth research to provide potential investment avenues worldwide for their investors.
The company provides investment advice, discount brokerage services, retirement services, wealth management services, securities execution and clearance and life insurance products to its clients. It has a wide variety of mutual funds spanning across a varied spectrum of sectors. The top Fidelity fund performers include healthcare, Japan and Diversified Pacific/Asia funds in the top 10 list.įidelity Investments is one of the largest mutual fund companies in the world having over $1,740.6 billion of mutual fund assets under management (as of Sep 30, 2014). However, there were several funds from Fidelity Investments that boasted year-to-date returns much higher than these category average returns. Next in line were Diversified Pacific/Asia, India Equity and Small Growth funds. Healthcare funds followed closely with a 10.7% return. The Nasdaq advanced 3.5%, also extending its winning streak to nine quarters, its longest stretch of quarterly gains ever.įor mutual funds, it was the Japan mutual funds that beat all in the first quarter with a return of 10.9%. This is its longest stretch of quarterly gains since 1998. However, the S&P 500 gained 0.4% and extended its quarterly winning streak to nine quarters. Investors were grappled with concerns related to lower global growth projections, a slump in oil prices, a strengthening dollar and apprehensions about the timing of the Fed interest rate hike.
Markets had a choppy first quarter of 2015, wherein the Dow ended a three-quarter winning streak.
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