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Rating:Returns Up, Assets Down at Fidelity
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Friday, October 12, 2007

Returns Up, Assets Down at Fidelity

by: Armie Margaret Lee

In today's Wall Street Journal Fund Track column, Murray Coleman writes that Fidelity is witnessing a drop in assets at many of its biggest funds despite an improvement in returns. The Boston Behemoth's Magellan Fund, for instance, experienced outflows of $6 billion this year heading into September. Also, at least eight other popular funds managed by Fidelity saw a total of about $23 billion in net outflows, Coleman reports, citing data from the Financial Research Corp.  

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