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The Fidelity Magellan Fund ( Mutual fund: FMAGX) is a U.S.-domiciled mutual fund from the Fidelity family of funds. [1] It is perhaps the world's best-known actively managed mutual fund, known particularly for its record-setting growth under the management of Peter Lynch from 1977 to 1990. [2] On January 14, 2008, Fidelity announced that the ...
Peter Lynch (born January 19, 1944) [1] is an American investor, mutual fund manager, author and philanthropist. As the manager of the Magellan Fund [2] at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, [3] consistently more than double the S&P 500 stock market index and making it the best-performing mutual ...
Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts. Established in 1946, the company is one of the largest asset managers in the world, with $4.9 trillion in assets under management , and, as of December 2023 [update] , $12.6 ...
Peter Lynch is The legendary former Fidelity Magellan fund manager and author of the ... Let's say two companies have share prices that have gone from $50 to $4. ... So say my stock at the start ...
Fidelity Investment’s flagship Magellan fund has helped investors reach their financial goals for decades. That time-tested, actively managed approach is now available as an exchange traded fund ...
The most famous, Peter Lynch of Fidelity Investments, had a gilt-edged run from 1977 to 1990, during which he built Fidelity's Magellan Fund from $18 million in assets to $14 billion.
William Danoff is the single manager of the Fidelity Investments ' flagship mutual fund Contrafund. Contrafund is one of Fidelity's largest mutual funds holding over $129 billion in assets, making it the largest single-manager mutual fund in the world. Danoff's Contrafund mutual fund outperformed the S&P 500 's trailing one year, three year ...
Investors who purchased the stock 10 years ago and held onto it have seen its price soar approximately 600%. By comparison, the Nasdaq and the Dow are up roughly 50% over that same period.