Fidelity's Danoff Sticks to His Knitting
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Wednesday, October 26, 2011

Fidelity's Danoff Sticks to His Knitting

Even in the age of iPads and instant news famous PMs still win free ink from newspapers. Will Danoff, PM of the $68 billion Fidelity Contrafund [see profile], talked about where he sees value in the current market with International Business Daily.

The famed Fidelity PM didn't reveal specific bets in his portfolio, but told the pub that he looks for companies generating above-average growth and for "Companies offering low-priced alternatives that grow have become attractive" in the current economy.

He also said that: "People in emerging markets want products we know and love in the West," such as Nike. And he offered that "Many big companies have grown relatively cheap," such as Perrigo.

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