From ETF.COM
"Fidelity filed to launch a nontransparent ETF version of its most famous mutual fund. The Fidelity Magellan ETF, like its big brother the Fidelity Magellan Fund (FMAGX), is a sort of go-anywhere equity fund that can invest in both growth and value stocks from domestic and foreign markets.
Twenty years ago, the Magellan Fund was the largest fund in the world with more than $100 billion in assets, with the Vanguard 500 mutual fund nipping at its heels (it later surpassed Magellan). Today, FMAGX has roughly $22 billion in assets with an expense ratio of 0.77%.
It’s been around since 1963, but it was under fund manager Peter Lynch, the Magellan Fund’s manager from 1977 to 1990, that it became the best-performing mutual fund in the world. And Lynch became one of the most famous investors in the world."
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Anyone interested?
Submitted September 26, 2020 at 08:25PM by ThemChecks https://ift.tt/30b8ri0
