The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Magellan Assets Fall to a Level Not Seen Since '91 Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 13, 2009

Magellan Assets Fall to a Level Not Seen Since '91

by: Armie Margaret Lee

Assets in Fidelity Magellan have fallen to less than $20 billion for the first time since 1991, notes Morningstar's Ryan Leggio. The decline led to increased fees for remaining shareholders from 53 bps to 72 bps over the past year. Magellan, which reopened to new investors in January of last year, had its worst performance in more than a decade in 2008, with its 49 percent loss trailing the S&P 500 by more than 1,200 bps. Wrong bets on firms including AIG, Wachovia, Corning and Nokia helped land the fund in the bottom 5 percent of its category for the first time since 1996, Leggio notes. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use