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The Best and Worst Mutual Funds of Q1 2013

Japan and healthcare were especially hot during the quarter

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#1 Best: Fidelity Japan Smaller Companies

Fidelity mutual funds 401(k)Q1 Return: +26%

To reverse two decades of stagnation and deflation, Prime Minister Shinzo Abe has pursued a radical fiscal and monetary policy. And investors seem to think it will work. So far this year, the Nikkei is up nearly 19%.

That has been a huge driver for the Fidelity Japan Smaller Companies Fund (MUTF:FJSCX). Portfolio manager Nicholas Price has had lots of success by focusing the consumer discretionary sector, such as with autos, apparel and durables. There has also been strength from healthcare and consumer staples.

He has also invested in a variety of hot social stocks, like mobile game operator Gree (NASDAQ:GREE). However, some of the fund’s hottest current holdings have included e-commerce company Kakaku.com (+62%), childcare product maker Pigeon (PINK:PGENY, +41%) and financial stock Orix (NYSE:IX, +19%).

Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of “How to Create the Next Facebook” and “High-Profit IPO Strategies: Finding Breakout IPOs for Investors and Traders.”Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media, http://investorplace.com/2013/03/the-best-and-worst-mutual-funds-of-q1-2013/.

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