5 Top No-Load Mutual Funds to Add to Your Portfolio
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 23 2024
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Source: NASDAQ.COM
Economic Overview: High inflation in the U.S. is gradually decreasing due to the Federal Reserve's hawkish policies, with July's consumer price index rising only 0.2% and annual growth at 3%. GDP growth for Q2 has increased to an annual rate of 2.8%, alongside a notable rise in retail sales and nonfarm payroll jobs.
Investment Opportunities: Investors are encouraged to consider no-load mutual funds, which have lower fees and can lead to higher returns. Five recommended funds include Fidelity Select Energy FSENX, Fidelity Select Semiconductors FSELX, Invesco SteelPath MLP Select 40 Fund MLPTX, Invesco Small Cap Value VSMIX, and BNY Mellon Dynamic Value Fund DRGVX, all boasting strong performance metrics and low expense ratios.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
