Who is Fidelity Investments? Fidelity Investments is best known as a mutual fund company and provider of retirement services and products, such as 401(k) plans and IRAs, for businesses and individuals. Fidelity, founded in 1946, is one of the largest multinational financial services corporations in the world.
As a mutual fund company, Fidelity has risen on the backs of some of their widely held mutual funds, such as Fidelity Contrafund (FCNTX), managed by William Danoff and Fidelity Magellan (FMAGX), made famous in the 1980's by legendary fund manager, Peter Lynch.
Fidelity is in direct competition with low-cost investment firms, such as Vanguard and Charles Schwab, for mutual funds, especially for no-load funds and index funds popular with the do-it-yourself crowd.
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