Fidelity Contra Fund

Stock Funds to Post Biggest Withdrawals Ever

Investors have withdrawn a net $200 billion from U.S. stock mutual funds over the past five years. Total fund industry assets peaked at $4 trillion in late 2007, but the subsequent stock-market crash a year later, the prolonged recession and last year's so-called flash crash have contributed to skittish investor behavior that has resulted in outflows of about $500 billion since the peak, according to Morningstar. That's roughly equivalent to the assets of the seven largest U.S. mutual funds, a list that includes Pimco Total Return . Outflows in June and July came despite the fact that most diversified U.S. stock funds declined an average of only 6% in the three months through July, so it wasn't the market performance that drove them away. "It's taken less and less to spook investors over the years," McDevitt said, and the prospect of the threat of the U.S. defaulting on its debts which began to gain credence at the end of July because Congress couldn't agree on a debt ceiling was enough for many of them to throw in the towel. "Investors' tolerance for uncertainty and risk has really changed," he said, and most of the money that has been coming out of U.S. stock funds won't be coming back, he said.

The U.S. Manufacturing Myth: Why China's Rattled!

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5 Top Fidelity Mutual Fund Investments for Your 401k | InvestorPlace

Founded over 65 years ago, Fidelity Investments is a financial powerhouse.  In all, the firm has $3.5 trillion in assets under administration and serves over 20 million individual investors.  Fidelity also provides services to more than 5,000 financial intermediaries.

No doubt, the core business at the firm is its mutual fund platform.  There are roughly 500 offerings — with a bulk of them invested in equities.  It helps that the firm has an excellent training and mentoring program for its analysts.  It’s a farm system that produces top-notch money managers.

One Hundred Best Mutual Funds You Can Buy

Risk/Volatility • • • • Over the past five years, Fidelity Contrafund has been safer than 55 percent of all growth funds. Over the past decade, the fund has ...

The Sortino Framework for Constructing Portfolios, Focusing on Desired Target Return to Optimize Upside Potential Relative to Downside Risk

Each year the fund with the highest DTR-α was purchased and held for one year. ... 93 Fidelity Contrafund Fidelity Puritan Fidelity Puritan 92 Fidelity ...

Kiplinger's Personal Finance

The reason: $14-billion Fidelity Contrafund operates in the shadow of $53- billion Fidelity Magellan. But in the five years since Danofftook over Contrafund, ...

The 100 Best Mutual Funds You Can Buy 1997, Includes Money Market Funds

Fidelity Contrafund Total Return • • • • • Over the past five years, ... Consistency, or predictability, of returns for Fidelity Contrafund can be described ...

Kiplinger's Personal Finance

IS BETTING ON BIG MULTINATIONALS TO HELP FIDELITY CONTRAFUND GET THROUGH THE BEAR MARKET. By Manuel Schiffres WHEN WE INTERVIEWED WILL DANOFF three years ...