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FCNTX Contrafund Mutual Fund

By Johns Wu on Aug 10, 2006

FCNTX, the Fidelity Contrafund Mutual Fund, is getting some press.

Fidelity Investments has been deeply wounded by the bear market, but it retains one big edge over everybody else: Will Danoff.

Danoff is to the 21st century Fidelity what Edward C. Johnson III and Peter Lynch were to the organization in the 20th century: master portfolio managers, sui generis, brand names who showered riches on their investors.

Danoff’s Fidelity Contrafund (FCNTX) shot up 17% in the year ended June 30, and that was less than its average return in each of the two prior years. Despite being the largest actively managed equity fund guided by a single individual, with $64.9 billion in assets, it behaves more like a sprite than a behemoth.

Does anyone have any connection on how to get into the Contrafund?

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This entry was posted on Thursday, August 10th, 2006 at 12:13 pm and is filed under Market News. You can skip to the end and leave a response. Pinging is currently not allowed.


4 Responses to “FCNTX Contrafund Mutual Fund”


By Stan on August 10th, 2006 at 12:50 pm

FCNTX….82 Devonshire St.
Boston, Mass
800 544-8888

By Technicator.NET on August 11th, 2006 at 1:16 am

FCNTX:$XAX shows that the amex composite beats this fund linearly.

By gusrock1414 on August 11th, 2006 at 2:59 pm

You cannot buy into the fund anymore. It does not accept new funds which is unfortunate bc its an excellent fund to be in. Its top two holdings are GOOG and DNA with some exposure to SLB and increasing exposure of PG.

By mary louise hyland on August 23rd, 2006 at 6:07 am

Baloney,

I bought fcntx at 67 and would take a beating if I sold it now. Additionally, it is hard to say where the dividends go, this is all mumbo jumbo.

Thanks for the opportunity to vent.

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