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What Stocks Are Driving Will Danoff's Fidelity Mutual Fund: (FNIAX)
It's hard to see why one would seek out New Insights over Contra.
Years ago, the former was a much smaller, more nimble fund. It's still less than 1/4 the size of Contra, but at $30B, this is no mighty midget. Except for 2016, it has not performed better than Contra in a decade.
Not a clone of Contra, but with a lot of overlap (the largest 30 holdings in a 50/50 mix are owned by both funds), it has a lot in common.
With all of that, if one is interested in the fund, the institutional (lower cost, no load) shares of FINSX can be purchased (with a TF) at Vanguard, $2500 min ($1K IRA).
I agree with your assessment msf. I was curious about your statement that one could pick up FINSX at Vanguard (with a TF) so I attempted to do the same with a trial buy at Fidelity. Not happening as far as they're concerned with or without a TF. Seems odd.
Comments
Years ago, the former was a much smaller, more nimble fund. It's still less than 1/4 the size of Contra, but at $30B, this is no mighty midget. Except for 2016, it has not performed better than Contra in a decade.
Not a clone of Contra, but with a lot of overlap (the largest 30 holdings in a 50/50 mix are owned by both funds), it has a lot in common.
With all of that, if one is interested in the fund, the institutional (lower cost, no load) shares of FINSX can be purchased (with a TF) at Vanguard, $2500 min ($1K IRA).