Fidelity Mutual Fund Reinvents Itself as an ETF
October 05, 2020 at 09:17 AM EDT
A mainstay in Fidelity Investments’ list of mutual funds, Fidelity Magellan Fund, is re-inventing itself as an exchange-traded fund (ETF). The fund has been a stellar performer in its heyday, but fees have since swallowed up the fund’s ability to generate a return relative to its ETF...