Top Fidelity Mutual Funds – Fidelity International Growth Fund (FIGFX)
Click to Enlarge Fund type: International fund
Any diversified portfolio should have international exposure to stocks. The Fidelity International Growth Fund (FIGFX) has been around for more than six years and has $541 million in total net assets. Managed by Jed Weiss since inception, this particular Fidelity fund has achieved an annualized total return of 17.1% over the past five years through the end of April.
FIGFX charges 1.13% in fees, or $113 for every $10,000 invested, so it’s definitely not the cheapest Fidelity mutual fund. However, with 84% of the portfolio invested outside the U.S., you’re ensuring that the equity portion of your portfolio is geographically diverse.
In addition, there are 102 holdings with the top 10 representing just 28% of the portfolio, which protects investors against company risk as well. Most importantly, FIGFX only invests in large-cap stocks with market caps greater than $10 billion and for the most part located in developed markets. Thus, you get top holdings such as pharma giant Roche (RHHBY), consumer play Nestle (NSRGY) and brewer Anheuser-Busch InBev (BUD).
FIGFX is among the top Fidelity mutual funds to hold, especially if you’re a conservative investor looking to expand your horizons.