Will Danoff holdings?
William Danoff is the single manager of the Fidelity Investments’ flagship mutual fund Contrafund. Contrafund is one of Fidelity’s largest mutual funds holding over $129 billion in assets, making it the largest single-manager mutual fund in the world.
How much does Will Danoff make?
That means Danoff’s annual compensation is well over the average of $436,500, and it is well over $10 million, but Fidelity does not benefit from investors, the U.S. government or other Fidelity fund managers knowing the specific number.
Who runs Contrafund?
Fidelity Investments
The Contrafund is managed by Fidelity Investments and seeks out capital appreciation by finding value stocks poised for growth. The fund focuses on U.S. large-cap stocks with market values greater than $10 billion.
Will Danoff Investment philosophy?
Will Danoff: I view my philosophy as being stocks follow earnings per share. So we’re interested in companies that are growing their earnings per share, accelerating their earnings per share due to some positive change.
Who is Sonu Kalra?
Sonu Kalra is a Portfolio Manager for Fidelity Asset Management at Fidelity Investments.
Is Fsptx a good long term investment?
Overall, Fidelity Select Technology ( FSPTX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, Fidelity Select Technology ( FSPTX ) looks like a good potential choice for investors right now.
Is Contrafund good?
A Contra Fund does not chase the momentum of the market or bet on the current favorite. On the contrary, it bets on the opposite – the underdog. Hence, you should consider investing in a Contra Mutual Fund if you have a reasonable risk tolerance, an investment horizon of 5+ years, and tons of patience.
Is Fidelity Contrafund open to new investors?
As of the close of business April 28, only existing holders will be able to make new purchases in Contrafund FCNTX, +0.46% and the $5.5 billion Fidelity Advisor New Insights Fund.
Who is Gavin Baker?
Gavin Baker is an investor who lives in Boston, Massachusetts with his wife Becky Painter Baker who is currently an analyst and portfolio manager at Fidelity Investments.
How old is Joel Tillinghast?
Fidelity said Tuesday that Mr. Tillinghast would stay on at the firm beyond then as a senior adviser to its equity team. In late 2023, the 63-year-old investor will hand off his flagship Low-Priced Stock Fund to co-managers Sam Chamovitz and Morgen Peck.
What type of fund is Fsptx?
Science & Tech
Fund Details
| Category | Science & Tech |
|---|---|
| Fund Family | Fidelity Selects |
| Fund Status | Open |
| Fund Inception | July 14, 1981 |
| Manager | Brian Lempel |
Is Fsptx a mutual fund?
The fund launched in July 1981. Parent company Fidelity is one of the oldest mutual fund providers and offers a wide array of mutual funds and other investment products, including a number of sector funds.
What percentage do money managers charge?
0.5% to 2% per annum
Money managers typically charge management fees ranging from 0.5% to 2% per annum, depending on the portfolio size. For example, an asset management firm may charge a 1% management fee on a $1 million portfolio. In dollar terms, this equals a $10,000 management fee.
What does Contra fund invest in?
Contra fund is an equity mutual fund in which the fund manager invests mostly in equities of companies that are not performing well in the short term. The idea is that buying equity at a low price today will be profitable in the long term when the business problem is resolved and the stock will witness a strong rally.