Best Mutual Funds of 2013 #4: Fidelity Select Health Care (FSPHX)
YTD Return: 56%
Fidelity Select Health Care (FSPHX) is benefiting from a meaningful commitment to biotech stocks as part of a portfolio focused on the healthcare industry.
The importance of the healthcare industry to our economy is substantial, and is set to grow over time, making this fund a solid long-term bet.
Eddie Yoon leads a team that conducts bottom-up research to uncover firms that represent compelling investments in health care or medicine. This $4.7 billion fund is up a scorching 56% YTD and has worked well over time, up an annualized 12.4% over the past decade.
Expenses run at 0.79% annually.