Buoyed by an additional $100 million investment in research over the past two years and the market again favoring growth stocks, Fidelity fund managers once again have the touch, according to report from Morningstar analyst Dan Lefkowitz, The Wall Street Journal reports.

Sixty-four percent of Fidelity’s equity funds are performing better than the averages of their peers, up from 49% in 2006. Thirty-six percent of these funds, including some of Fidelity’s most popular and best known, are in the top quartile. Fidelity Contrafund, for instance, fell four percentage points behind the Standard & Poor’s 500 Index last year but is 12 percentage points ahead of it this year.

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