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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 ]
For those scoring at home, Fidelity Magellan at $100 billion in 2000 -- 10 years after Lynch's retirement -- was too big. Even the fund's net assets of $17 billion today may be too unwieldy to ...
View history; General ... Pages in category "Mutual funds of the United States" ... Fidelity Magellan; Fidelity Magellan Fund;
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 ...
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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 fund in the world.
This index fund tracks the S&P U.S. Dividend Growers Index, a collection of primarily large-cap growth stocks and value stocks that have the ability to raise their dividends over time. Dividend ...
After a stint in the US Army, he became a research analyst at Fidelity Investments in 1957, a company founded by his father in 1949. He later became the portfolio manager for the Fidelity Trend Fund in 1960 and ran the famous Fidelity Magellan Fund from 1963 to 1977. He then became president of the company in 1972, and chairman and CEO in 1977.