Top picks 2013: Global favorites at Fidelity
Prospects for these funds are boosted by their top-ranked managers.
By Jim Lowell, Fidelity InvestorUnloved and overlooked are two key ingredients to my contrarian stance. As such, for 2013, my favorite picks are Fidelity Total International Equity (FTIEX) and Fidelity Total Emerging Markets (FTEMX).
Total International Equity is run by one of my newsletter's top-ranked international fund manager teams: Ashish Swarup, Jed Weiss, and Alex Zavratsky. Meanwhile, Total Emerging Markets is in the hands by veteran active emerging market stock and bond manager John Carlson.
Fidelity Total International Equity
Investing in international companies, including those in the emerging markets region, the MSCI All Country World ex U.S. Index is the fund's bogey and benchmark.
The top five country representations are the UK (17.5%), Japan (10.7%), US (8%), Switzerland (7%), and Hong Kong (5.4%).
The top three sectors are financials (21.3%), consumer staples (14.1%), and industrials (12.3%).
The top ten holdings are Nestle Sa, Roche Holdings, Royal Dutch Shell, Sanofi, GlaxoSmithKline, Vodafone, BHP Billiton, Anheuser Busch, HSBC Holdings, and Commonwealth Bank of Australia.
Fidelity Total Emerging Markets
Meanwhile, the theme of growing global consumers has me more bullish about the long-term prospects for emerging market stocks and bonds than most. Here, I particularly like Fidelity Total Emerging Markets.
This is a tactical emerging markets fund that blends the stocks and bonds not just of some of the more mature emerging markets, but also the under-researched frontier ones. As such, I'm willing to stamp my portfolio's passport with this fund.
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