Is Fidelity Contrafund still closed to new investors?
Is Fidelity Contrafund still closed to new investors?
Fund Closed to New Accounts: This fund is closed to new investors.
Is it good to invest in contra funds?
The Contrafund is considered an outstanding core holding for long-term, growth-oriented investment portfolios. Due to the fund's exposure to domestic large-cap growth stocks, it should not make up the majority of an investor's portfolio.
What is happening with Fidelity Contrafund?
BOSTON (MarketWatch) -- Fidelity Investments is closing its biggest stock mutual fund, the $63.8 billion Contrafund, to new investors along with another fund run by William Danoff after the funds attracted billions of dollars in cash over a year.Apr 3, 2006
Is Fidelity Contrafund still good?
Overall, Fidelity Contrafund ( FCNTX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Fidelity Contrafund ( FCNTX ) looks like a good potential choice for investors right now.
How much is Fidelity Contrafund?
Fidelity® Contrafund® Fund has an expense ratio of 0.86 percent.
Is Fidelity Contrafund a value fund?
The Fidelity Contrafund is a growth and value stock fund that focuses on generating capital gains rather than income. The fund is the "largest solely managed active equity mutual fund in the world," according to Fidelity.
Which Fidelity funds are closed to new investors?
BOSTON (MarketWatch) -- Fidelity Investments said Thursday that it will close Fidelity Growth Company Fund and Fidelity Mid-Cap Stock Fund to new investors, bringing to four the number of such closings the biggest U.S. mutual-fund company has announced since the end of March.