Fidelity Balances Risk and Return, Gets 'Buy' - TheStreet

NEW YORK (TheStreet) -- Fidelity Investments' Fidelity Advisor Global Balanced (FGLAX) was one of four mutual funds from a pack of 44 that earned "buy" ratings in new coverage by TheStreet.com Ratings.

The group accumulated a three-year track record of risk-and-return results as of Jan. 31.

Fidelity Advisor Global Balanced returned 26% in the past year and an annual average of 1% over three years. In addition to large Japanese and German government debt positions, the mutual fund has corporate equity positions in

Union Pacific

(UNP) - Get Report

,

Google

(GOOG) - Get Report

,

Microsoft

(MSFT) - Get Report

,

Apple

(AAPL) - Get Report

and

American Express

(AXP) - Get Report

.

AIM Balanced-Risk Retirement Now Fund

has a conservative portfolio focused primarily on generating income for retirees. The portfolio of this target maturity fund, formerly known as AIM Independence Now Fund, which allocates 60% of assets to an AIM Balanced-Risk fund and the remainder earning money-market income, added almost 17% in 12 months and is down an average of 1% over three years on lower-than-average volatility.

Twelve funds start with "hold" ratings. The 28 remaining funds in the "sell" range performed well in the year ending Jan. 31. However, they performed poorly over three years.

Research methodology

TheStreet.com Ratings

condenses fund performance and risk data into a composite opinion of risk-adjusted performance. This allows for the unbiased identification of funds that have historically done well and those that have underperformed the market. While there is no guarantee of future performance, these investment ratings provide a solid framework for making informed, timely investment decisions.

Funds rated A or B are considered "buys" based on a track record of higher-than-average risk-adjusted performance. Funds at the C level are rated as "hold," while underperformers at the D and E levels rank as "sell."

For more information, check out an

explanation of our ratings

.

-- Reported by Kevin Baker in Jupiter, Fla.

Kevin Baker became the senior financial analyst for TSC Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.