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October 11, 2007

Fidelity Investments Announced Upturn In Fund Receipts

by Stewart Douglas

Story link: Fidelity Investments Announced Upturn In Fund Receipts

Fidelity Investments has today announced record returns in its Magellan Fund, as a result of technology-heavy equity investments over the last few years in conjunction with heavy interests in emerging markets.

The fund has today been announced to have generated record investment profits over and above the highs of 1993 as a result of a diversified investment portfolio accounting for several of the most rapidly expanding markets globally.

Around 30% of the funds assets are invested in off-shore stocks, including the rapidly growing China Life Insurance Company amongst others. With a focus on investment in emerging marketplaces, particularly amongst financial institutions the fund has experienced particularly strong growth.

Likewise a further 30% is invested in tech-stocks, particularly in mobile and telecommunications markets as a result of their rapid expansion throughout Indian and Chinese markets which are experiencing the corporate benefits of consumerism.

Much of the success of the fund in recent times has been attributed to the aggressive investment strategies of new manager Harry Lange, appointed around two years ago to the forefront of the fund. Over the course of 2007 alone Lange has seen the Magellan Fund grow its asset base by over 20 percent, leaving its competition far behind.

Investment in China in particular has experienced for the fund growth of around 700% in certain stocks over a very short period of time, and with traditionally high risk tech stocks proving to be a success for the fund, it looks as if it could end up making a substantial return over the course of this year.

Surprisingly it seems to have avoided any fallout from the credit crisis and sub-prime loan woes of the summer months, factors that have played a strong role in the fortunes of many other investment related businesses.

 

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