Fidelity mutual funds are some of the most popular investments out there. Take Fidelity Contrafund (FCNTX) — it’s one of the top 10 largest mutual funds by assets, with over $68 billion in assets under management.
But when picking the best Fidelity funds, size isn’t always the best measuring stick. Sure, FCNTX is big for a reason and Fidelity Contrafund has a big following on Wall Street … but there are also a host of impressive Fidelity investment options out there that may not be as well-known.
Similarly, the best Fidelity funds for 2014 and beyond may not necessarily be the best investments so far in 2013.
Take the Fidelity New Markets Income Fund (FNMIX); this emerging markets mutual fund is down 9% as domestic stocks have surged this year. But if next year is a big year for global investments and a bad year for the U.S.? Well, going forward FNMIX could be the best Fidelity fund to put in your portfolio right now.
All this is a long way of saying that what’s hot now may not be hot tomorrow – so investors need to do more than just look at performance or assets alone when picking the best Fidelity funds for their portfolio.
So to help, here’s a list of 5 top Fidelity investments for long-term portfolios: