Dec
04
Fidelity’s Biggest Stock Mutual Fund Is Now an Index Fund
By-
S&P 500 index fund beats Contrafund with $106 billion
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Once famed for stock picks, Fidelity can’t buck passive trend
The biggest stock mutual fund at Fidelity Investments, a firm that made its reputation picking stocks, is now an index fund.
The Fidelity 500 Index Fund ended November with $105.9 billion in assets, passing the previous leader, Fidelity Contrafund, which had $104.2 billion, according to data on the company’s website…
Fidelity’s Biggest Stock Mutual Fund Is Now an Index Fund
