After making a name not only for
And despite the market’s tremendous volatility of late, Lange said he is optimistic the fund will weather the storm, “particularly regarding the growth companies in which the fund is invested. High-quality companies that can continue to grow earnings ultimately are rewarded by the market.” In addition, Lange said he thinks the volatility will be short-lived.
Fidelity certainly needs to be able to boast of strong performance, since it’s been losing market share to
“The whole conversation about Fidelity and market share is tied directly to the performance of Magellan,” said John Bonnanzio, editor of Fidelity Insight.