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Grab These 3 Healthcare Mutual Funds for Steady Returns
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Investors often rely on the healthcare sector to safeguard their investments. This is because healthcare services do not see their demand varying too much with respect to market conditions and thus offer sufficient protection to the capital invested. Many pharmaceutical companies also offer regular dividends. Companies that consistently pay out dividends are financially stable and generate steady cash flows, irrespective of market conditions. Mutual funds are the perfect choice for investors looking to enter this sector since they possess the advantages of wide diversification and analytical insight.
Fidelity Select Health Care seeks to invest the majority of its net assets in common stocks of domestic and foreign issuers primarily engaged in the design, manufacture, or sale of products or services used for or in connection with health care or medicine. FSPHX’s investments are mostly based on a fundamental analysis of companies and their market position with respect to broader economic conditions.
Fidelity Select Health Care has three-year annualized returns of 2.5%. As of May 2024, FSPHX held 92 issues, with 10.9% of its assets invested in Boston Scientific.
Vanguard Health Care Fund invests the majority of its net assets in the common stocks of foreign and domestic companies. These companies are engaged in the development, production, or distribution of products and services related to pharmaceutical and medical supply companies, as well as businesses that operate hospitals and other healthcare facilities.
Vanguard Health Care Fund has three-year annualized returns of 6.8%. VGHCX has an expense ratio of 0.35% compared to the category average of 1.04%.
Fidelity Advisor Biotechnology Fund invests the majority of its net assets in securities of companies principally engaged in the research, development, manufacture and distribution of various biotechnological products, services and processes, and companies that benefit significantly from scientific and technological advances in biotechnology. FBTIX’s investments are mostly based on a fundamental analysis of companies and their market position with respect to broader economic conditions.
Fidelity Advisor Biotechnology Fund has three-year annualized returns of 6.8%. Eirene Kontopoulos has been the fund manager of FBTIX since July 2018.
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Grab These 3 Healthcare Mutual Funds for Steady Returns
Investors often rely on the healthcare sector to safeguard their investments. This is because healthcare services do not see their demand varying too much with respect to market conditions and thus offer sufficient protection to the capital invested. Many pharmaceutical companies also offer regular dividends. Companies that consistently pay out dividends are financially stable and generate steady cash flows, irrespective of market conditions. Mutual funds are the perfect choice for investors looking to enter this sector since they possess the advantages of wide diversification and analytical insight.
Below, we share with you three top-ranked Healthcare mutual funds, namely Fidelity Select Health Care (FSPHX - Free Report) , Vanguard Health Care Fund (VGHCX - Free Report) and Fidelity Advisor Biotechnology Fund (FBTIX - Free Report) . Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Fidelity Select Health Care seeks to invest the majority of its net assets in common stocks of domestic and foreign issuers primarily engaged in the design, manufacture, or sale of products or services used for or in connection with health care or medicine. FSPHX’s investments are mostly based on a fundamental analysis of companies and their market position with respect to broader economic conditions.
Fidelity Select Health Care has three-year annualized returns of 2.5%. As of May 2024, FSPHX held 92 issues, with 10.9% of its assets invested in Boston Scientific.
Vanguard Health Care Fund invests the majority of its net assets in the common stocks of foreign and domestic companies. These companies are engaged in the development, production, or distribution of products and services related to pharmaceutical and medical supply companies, as well as businesses that operate hospitals and other healthcare facilities.
Vanguard Health Care Fund has three-year annualized returns of 6.8%. VGHCX has an expense ratio of 0.35% compared to the category average of 1.04%.
Fidelity Advisor Biotechnology Fund invests the majority of its net assets in securities of companies principally engaged in the research, development, manufacture and distribution of various biotechnological products, services and processes, and companies that benefit significantly from scientific and technological advances in biotechnology. FBTIX’s investments are mostly based on a fundamental analysis of companies and their market position with respect to broader economic conditions.
Fidelity Advisor Biotechnology Fund has three-year annualized returns of 6.8%. Eirene Kontopoulos has been the fund manager of FBTIX since July 2018.
To view the Zacks Rank and the past performance of all Healthcare mutual funds, investors can click here to see the complete list of healthcare mutual funds.
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