Fidelity Mutual Funds Translation

Wednesday, September 23, 2009

Why Fidelity Mutual Funds



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Fidelity Mutual Funds

Fidelity Investments offers sector funds under the Fidelity Select fund umbrella. We prefer these Fidelity sector funds for the following reasons:

Fidelity Sector Fund Choices
After pioneering the concept of sector investing in 1981, Fidelity Investments has expanded Fidelity Select funds to buckle 7 sectoral groups. Each sector group has a broad sector fund and several industry-specific funds. In total we have 41 Fidelity Select funds to choose from.

Active management of mutual funds
Rather than track sector-specific index, active Fidelity sector fund managers seek to invest their fund assets in the best ideas in their universe. Fidelity Investments employs a staff of over 600 portfolio managers, analysts and dealers throughout the world to research and develop investment ideas to manage the Fidelity mutual funds.

Multiple Account Types
Fidelity sector funds available for regular and retirement accounts. Retirement account may be a Fidelity IRA account like Roth IRA, Rollover IRA or self directed IRA account. Fidelity sector funds available to Fidelity SEP-IRA or Keogh accounts, and Fidelity. Fidelity sector funds may also be available in a Fidelity 401K account if your employer sponsored 401K plan has this option. Fidelity 401K investment can easily be controlled by Fidelity Netbenefits.

Low Minimum Investment
The minimum investment required to open a regular or IRA account into a Fidelity Select fund is $ 2,500. The minimum investment required to open a September-IRA or Keogh account of a Fidelity Select fund is $ 500.

Low cost
Fidelity mutual funds are no-load funds. Further to the Fidelity sector funds are no fees for exchange via the Internet when the investment is held over 30 days. It is to our advantage because our holding period for sector finance investments are typically 6 months or longer. (Note: Fidelity Select fund prospectus contains a description of the fees and expenses in connection with those funds. Read the fund's prospectus carefully before investing.)

Fidelity Mutual Funds

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