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

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

Rating:Magellan Slips to Third Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 15, 2002

Magellan Slips to Third

by: Sean Hanna, Editor in Chief

Analysts are estimating that investors pulled nearly $1.1 billion from Fidelity's Magellan fund in July, the Wall Street Journal reported. If accurate, that outflow would be the largest in the fund's 39-year history.

The report also highlighted a fact that may reveal some hurt pride in Boston. Magellan is now the third largest mutual fund behind the Vanguard Index 500 fund and now the PIMCO Total Return fund.

Fidelity does not reveal net flows into individual funds, but it does report the total assets held in each fund every month. Analysts use those figures and the change in the fund's net asset value to calculate net flows.

The numbers showing the outflow were crunched by Eric Kobren executive editor of Fidelity Insight. The old record for outflows was just under $1 billion in February 2002, according to Financial Research Corporation.  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use