Fidelity Magellan Fund To Re-Open To New Investors

January 14, 2008 11:30 AM EST
Fidelity announced plans to re-open its Fidelity Magellan Fund (OTC: FMAGX) after closing it to new investors for more than 10 years.

Fidelity Magellan Fund is managed by Harry.

Fidelity Magellan has a 1-year return of 18.83%, a 3-year return of 10.68%, a 5-year return of 12.71% and a 10-year return of 6.31%. Fidelity Magellan has a 4 Star Morningstar rating.

The funds top ten holdings as of 09/30/07 are Nokia (NYSE: NOK), Corning (NYSE: GLW), Google (Nasdaq: GOOG), Schlumberger Limited (SLB), Canadian Natural Resources Limited (TSX:CNQ), Staples (Nasdaq: SPLS), AT&T (NYSE: T), Allergan (NYSE: AGN), Monsanto (NYSE: MON), Renewable Energy Corporation ASA (OSL:REC).

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