Fidelity launches equity fund led by star U.S. manager Will Danoff

Rudy Luukko 26 January, 2017 | 6:00PM

Fidelity Investments Canada today launched Fidelity Insight Class, a global equity fund emphasizing U.S. stocks and managed by Will Danoff, one of the Fidelity organization's star managers in the United States. Danoff is best known for the US$105-billion Fidelity Contrafund, which he has managed since 1990.

Danoff's investment strategy is based on identifying companies that have the potential to deliver sustainable earnings growth, and whose value he believes is not fully recognized in the market. According to the prospectus, the new fund isn't constrained by investment style. It may invest in either growth or value securities.

Fidelity Contrafund currently has a Morningstar Analyst Rating of Silver in its peer group of U.S. large-cap growth funds, and a Morningstar Rating of 4-stars. In keeping with its massive size, the U.S.-domiciled fund has more than 300 holdings.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Alphabet Inc Class C1,771.43 USD0.14
Facebook Inc A275.59 USD-0.48
Starbucks Corp98.20 USD-0.10

About Author

Rudy Luukko

Rudy Luukko  Rudy Luukko is a freelance writer who contributes to Morningstar.ca on topics involving fund industry trends and regulatory issues. He retired in May 2018 from his position as editor, investment and personal finance, at Morningstar Canada, where he had worked since 2004. He has also worked as an editor and writer for various general, specialty and institutional media, and he has co-authored courses for the Canadian Securities Institute. Follow Rudy on Twitter: @RudyLuukko.

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