Following Fidelity or Whales Redux

Adrienne Carter

On the heels of Fidelity's announcement that it would close Contrafund, the Boston behemoth says it's going to close two more of its (bloated) funds: Fidelity Growth Company and Fidelity Mid-Cap. Now let me repeat--it's a really good thing when a fund company closes a fund. Sure, it seems that Fidelity closes these babies a bit late. But hey, better late than never, right?

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