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Fidelity Japan Smaller Companies being merged

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  • Grrr ... they made me a ridiculous return once upon a time. In the late '90s I happened across as WSJ article that claimed something like "Japanese small companies are the most underappreciated, undervalued dynamos on the planet." Thinking something like "huh? who knew?" I moved a modest chunk of my retirement there. It doubled in the first year and nearly tripled in the second; being a bad momentum investor, I tended to take chips off the table every time the dang thing gained another 50%.

    Since inception (1995), they're up nearly 50% on Fidelity Japan. They've turned $10k to $43k while FJPNX is up to $29k.
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