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5 Best Fidelity Funds for Retirement

Contrafund, FLPSX and other favorites make the list

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Fidelity Growth Company Fund

  • Ticker: FDGRX
  • Assets: $25.7 billion
  • Category: Large-Cap Growth
  • YTD Performance: 31.9% vs. 23.1% for the S&P 500
  • Expense Ratio: 0.90%

One of the best Fidelity Funds after Contrafund is the Fidelity Growth Company Fund (FDGRX), a large-cap fund that is even more aggressive with its pursuit of growth.

Manager Steven Wymer is an old hand, serving as the leader of this fund since 1997, and has a great track record of picking the blue-chips with the biggest potential.

The proof is in the performance, with this large-cap fund tacking on a stupendous gain of almost 32% year-to-date in 2013 thanks to performance of top holdings like Facebook (FB) and Gilead Sciences (GILD), both of which are up by about 90% this year.

Top sectors right now are technology and healthcare, with over half the portfolio in those two segments, since that’s where Wymer sees the biggest growth in 2014.

Article printed from InvestorPlace Media,

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