Lynch eventually took over as director of research for the small investment mutual fund company and in 1977 took over portfolio management of Fidelity's Magellan mutual fund.
Investments in Fannie and Freddie represented a small percentage of Fidelity Investments' overall mutual-fund holdings, said Vin Loporchio, a spokesman for the Boston fund company.
And few want to see a turnaround for homebuilders more than mutual fund manager Fidelity, which has a longstanding bet on the sector and is the largest shareholder in several homebuilders in some instances holding a stake of as much as 15%, or two to three times that of the No. 2 shareholder.
Fidelity Investor, specializing in Fidelity mutual funds, likes actively managed Fidelity International Small Cap Opportunities Fund.
In large companies, such plans are often administered by big mutual fund companies like Fidelity Investments, Vanguard Group and T.
Mutual fund giants like Fidelity Investments handle their own back-office work, but DST is by far the biggest player in the other 60% of the fund industry that contracts out.
Thanks to the proliferation of no-load mutual funds, exchange-traded funds and mutual fund products like Fidelity sector funds and Vanguard's VIPERs, the choices for investors are wider than the culinary options at a Las Vegas buffet.
Over the next two days, Morgan Stanley and the other underwriters called their top institutional clients, including mutual-fund giants Fidelity and Capital Research and Management, saying their analysts had lowered Facebook's earnings and revenue estimates, according to people familiar with the matter.
WSJ: Morgan Stanley Was 'Driver' on Facebook's Wild IPO Ride
Fidelity is one of the biggest equity mutual fund managers in the business.
FORBES: Fidelity And BlackRock Fire A Broadside At Vanguard and Schwab
Fidelity, the second-largest mutual-fund manager in the U.S. by assets, trumpeted the iShares agreement as a way for clients to gain access to more ETFs for less money.
Consider discount brokerage companies like Charles Schwab and TD Ameritrade and no-load mutual fund companies like Vanguard and Fidelity.
You can minimize these by choosing a discount brokerage or no-load mutual fund company like Vanguard, Fidelity, Charles Schwab, TD Ameritrade, or Scottrade.
In December, Fidelity, the world's biggest mutual-fund firm, unveiled a new financial planner, to be available on the Internet, that would recommend specific mutual funds to 401(k) participants.
He left Fidelity in 1985 to found his newsletter and the Mutual Fund Investors Association.
Fidelity, the country's third-largest mutual-fund firm by assets, had been an early supporter of Facebook, with many of its funds bulking up on shares when the company went public.
The survey was conducted for Fidelity by the firm GfK. Fidelity, the second-largest U.S. mutual fund company behind Vanguard based on fund assets, was not identified to the 1, 154 survey participants as the sponsor.
Fidelity chief Edward Johnson III, who has heard plenty of grousing from mutual fund investors during the bear market, has a new round of gripes to cope with.
Fidelity has leapfrogged the competition in providing a less onerous holding period requirement for commission-free mutual fund trades.
Like its namesake navigator, the Fidelity Magellan fund has seen its share of glory, though for the past several years the once mighty mutual fund has been a study in mediocrity.
Peter Lynch ran the Fidelity Magellan fund from 1977 to 1990 and had one of the best performance records in history for a mutual fund manager an annualized return of over 29% per year.
应用推荐