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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 ...
Lynch headed up one of the most lauded mutual fund successes in history. During his tenure, Fidelity’s Magellan fund racked up a 29.2% average annual return for those investors who held the ...
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.
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.
Abigail Johnson & family (49%) Current & former employees (51%) Number of employees. 74,000 (2023) [3] Website. www .fidelity .com. Fidelity Investments, formerly known as Fidelity Management & Research ( FMR ), is an American multinational financial services corporation based in Boston, Massachusetts. Established in 1946, the company is one of ...
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 ...
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 ...