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Tuesday, April 03, 2012

"A Battleship Like Fidelity Clearly Won the Day"

News summary by MFWire's editors

The first quarter was a good one for Fidelity [profile]. Steven Syre of the Boston Globe wrote a piece on the Boston-based mutual fund giant's strong mutual fund performance year-to-date, and describes why "Fidelity in particular [can] thrive in this kind of environment."

"It was a spectacular first quarter, one of the best growth rallies, and a battleship like Fidelity, whose guns are fully loaded with growth stocks, clearly won the day," Fidelity Investor newsletter publisher Jim Lowell told the paper.

The article also lists performance figures for some of Fidelity's star funds. 

Edited by: Neil Anderson, Managing Editor

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