Fidelity Contrafund ( FCNTX ) is managed by the company's current star, Will Danoff. It has $107.4 billion in assets that generate about $700 million in revenue for the firm a year. The firm's largest fund is the Fidelity Government Cash Reserves (FDRXX.
These four Fidelity mutual funds could be used as the building blocks of a diversified 401(k) or Individual Retirement Account. ... Actively managed funds are also typically very diversified; Fidelity's Contrafund held more than 330 stocks at the time.
Fidelity manages about $2.5 trillion in assets and is best known for its stable of actively managed mutual funds that include the $100 billion-plus Contrafund ( FCNTX .O). Over the past decade, Fidelity's actively managed funds have been hemorrhaging.
In other words, the sticker shock of paying an advisor 1% every year plus another 1% or more for an actively managed mutual fund is too great for most investors to bear—so the advisor dumps them into an index fund. THE COMMISSION-BASED MODEL can be.
Large-growth funds Fidelity Contrafund ( FCNTX ) and American Funds Growth Fund of America (AGTHX) saw $10 billion and $6.8 billion in net redemptions or 8.6% and 5% of their total net assets, respectively. There's no real explanation for why investors.
Fidelity Contrafund ( FCNTX ), for example, charges 0.7% a year in expenses. The fund has $105.9 billion in assets, and the fund grosses roughly $741.3 million a year. ... If Fidelity Contrafund charged the same as the Vanguard 500 Index fund, it would.
The Fidelity Contrafund Fund (MUTF:FCNTX) is one of the largest mutual funds in the world, with over $112 billion in assets. For a fund of that size, the stockpickers are unusually active - the Contrafund has an annual turnover rate of 45%, which means.
Fidelity Contrafund FCNTX seeks capital appreciation and invests in common stocks of companies that are believed to be underestimated in value. FCNTX focuses on acquiring both "growth" and "value" stocks of companies all over the world. Factors such as .
Three, while the total number of mutual funds and hedge funds owning Apple shares dropped on a year over year basis, the decline is minimal: 5,244 funds owned shares as of the September quarter, vs. 5,264 a year earlier. Among highly regarded funds.
The problem is that the base management fee of the fund (ticker: CWS) is 0.75% and can range only from 0.65% to 0.85%—0.65% if the fund trails the S&P 500 by two percentage points or more in the trailing 12 months, and 0.85% if the fund beats it by.
Major indexes held modest gains in afternoon trading Friday, following reports that the ultra-right-leaning White House advisor Steve Bannon will step down. Meanwhile, some leading growth stocks regained a bit of their luster, including Apple (AAPL.
Fidelity has a mutual ... with a bumpy ride: The fund has been 14% more volatile than the S&P 500 over the past five years. Contrafund (FCNTX). With a whopping $101 billion in assets, Contrafund is one of the biggest mutual funds in the country.
Fidelity Contrafund Fund ( FCNTX - Free Report) seeks capital appreciation. FCNTX invests primarily in the common stock of companies whose value the management believes is not fully recognized by the public. The types of companies in which FCNTX may .