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Strategies & Market Trends : Fidelity Funds

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To: Julius Wong who wrote (11159)4/14/2016 9:03:17 AM
From: Sr K   of 11457
 
The article says something different. And, the article omits the obvious: an index doesn't have expenses.

But this portion is favorable for Fidelity:

That is, if you can identify the right manager. Here’s where the new studies come in: They suggest the odds of finding a manager capable of beating the market are greater than you might expect.

Fidelity Investments recently updated a performance report showing that while the average actively run mutual fund underperformed the index in 2015, the problem was due more to how the average was calculated than to active management.

“Industry-wide averages can be misleading, and may be doing investors a disservice by giving them the perception that all active funds cannot outperform passive funds, which is simply not true,” Timothy Cohen, Fidelity’s chief investment officer, said in a statement. “We believe the results of applying certain straightforward and objective filters can be a helpful starting point for investors seeking to identify above-average actively managed equity funds that beat their benchmarks.”
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