Top 10 Fidelity Mutual Funds

Following the announcement of the Fed’s tapering decision stocks rallied, while bonds sold off. This shows that equities remain the best investment asset class, as the end of 2013 comes to a close in two weeks.

What are the best-performing Fidelity funds that allow investors to take advantage of the current trend? The table below shows the 10 highest-ranked Fidelity funds based on their three-month return.

The top 10 list includes funds that invest in a diverse set of industry sectors, such as transportation, finance, technology, health care and retailing. This broad-based participation is the sign of a healthy bull market.

Also, it is important to note that all of the highest ranked funds represent U.S. sector investments, as U.S. equities have outperformed international investments for most of the year.

Top 10 Fidelity Funds

Source: FidelitySignal.com

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Top 10 Fidelity Mutual Funds

The Dow Jones Industrial average moved above the psychologically important 16,000 level today, the first time in the history of the stock market. This is clearly a sign that the great bull market of 2013 is still intact.

As we approach the seasonally strong December, it is worth taking a closer look at where the market leadership is coming from. The table below shows the top 10 Fidelity mutual funds ranked by momentum, courtesy of FidelitySignal.com.

Top 10 Fidelity Mutual Funds by momentum

Top 10 Fidelity Mutual Funds by momentum

 

The table shows that the Fidelity Select Leisure Fund (FDLSX) is moving up the fastest in the momentum ranking. In addition, FDLSX had the largest gain today out of all Fidelity mutual funds. The ranking also shows that today’s rally is broad based, which usually is highly bullish for the stock market.

fdlsx

Source: FidelitySignal.com