Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:New Fidelity PMs Turn Around Value Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 30, 2012

New Fidelity PMs Turn Around Value Funds

News summary by MFWire's editors

A new generation of PMs is turning around Fidelity's [profile] value funds. So contends Morningstar analysts in a piece explains how the mutual-funds giant, best known for its suite of growth funds, is taking steps to put its value funds back on track.

With almost all its value funds trailing its rivals over the last five- and ten-year periods, Fidelity's top brass has finally taken the reins from longtime underperforming fund managers like Stephen Petersen and Bruce Dirks.

These managers, according to the piece, adopted overly conservative strategies, sticking close to benchmarks, and were left in charge for years despite disappointing returns.

Their successors, like Michael Chren, who heads the Fidelity Blue Chip Value Fund, and Jim Morrow, of Fidelity-Equity Income, have been given more independence.

The results are't in yet, but Morningstar analysts advise "cautious optimism". 

Edited by: Chris Cumming


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use