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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 fund in the world.
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 ...
ETF Trends CEO Tom Lydon discussed the Fidelity Magellan ETF (FMAG) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. The fund seeks long-term growth of capital.
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 ...
Founded by Ned Johnson in 1963 as the Fidelity International Fund during what Peter Lynch called the "great fund boom", it was renamed the Magellan Fund in 1965. As Lynch recounted, the early sales staff of the Magellan Fund was mostly part-time, traveling employees until the 1973–1974 stock market crash led to a severe decline in interest.
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.
Jeffrey N. Vinik (born March 22, 1959) is an American investor and sports team owner. He worked at Fidelity Investments and managed a private hedge fund, and is the current owner of the Tampa Bay Lightning and a minority owner of the Boston Red Sox. [1] He served on the board of directors for Liverpool Football Club of the Premier League from ...