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The Fidelity Magellan Fund ( Mutual fund: FMAGX) is a U.S.-domiciled mutual fund from the Fidelity family of funds. [ 1] It is perhaps the world's best-known actively managed mutual fund, known particularly for its record-setting growth under the management of Peter Lynch from 1977 to 1990. [ 2] On January 14, 2008, Fidelity announced that the ...
Peter Lynch (born January 19, 1944) [1] is an American investor, mutual fund manager, author and philanthropist.As the manager of the Magellan Fund [2] at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, [3] consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world.
Lynch headed up one of the most lauded mutual fund successes in history. During his tenure, Fidelity’s Magellan fund racked up a 29.2% average annual return for those investors who held the ...
Under Lynch's leadership Magellan averaged 29% a year, more than doubling the growth rate of the benchmark S&P 500, and remains the best-performing mutual fund in history over such an extended period. [35] [36] In 2018, Fidelity Investments introduced a new line of zero-expense-ratio mutual funds [37] for individual investors. Fidelity's first ...
From 1977 to 1990, Lynch was the manager of the Magellan Fund at Fidelity Investments. During his 13-year tenure, Lynch averaged a 29.2% annualized return. Let’s break down what that means.
Peter Lynch put together one of the greatest investing track records of all time, while serving as the portfolio manager of Fidelity's Magellan Fund. An ordinary investor who put $1,000 in the ...
Peter Lynch, the legendary stock picker who ran Fidelity’s market-beating Magellan Fund for 13 years, made a prescient observation in a speech he gave to the National Press Club back in October ...
Multibagger stock. A multibagger stock is an equity stock which gives a return of more than 100%. The term was coined by Peter Lynch in his 1988 book One Up on Wall Street and comes from baseball where "bags" or "bases" that a runner reaches are the measure of the success of a play. [1] For example, a ten bagger is a stock which gives returns ...