The Fidelity Magellan Fund: From Fund Star to ETF Contender
For many investors, the Fidelity Magellan Fund (FMAGX) has been around for their entire adult lives. Launched back in 1963, the fund became a lodestar for the mutual fund world. From $20 million in 1977, the fund went on a tear through the 80s, eventually becoming so large as to close to new investors in 1997. While the fund eventually dropped from that all-conquering popularity among investors, it has changed with the times. Now, in an ETF format, it has a strong case for consideration just weeks ahead of its five-year anniversary.
Source: https://etfdb.com/etf-investing-content-hub/fmagx-fund-star-etf-contender/
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