Fidelity Contrafund Is Really A Momentum Fund … and Good At It
Some readers guffawed to learn that a giant Fidelity Investments mutual fund with “contra” in its name — as if to suggest, We’re contrarians — has been pretty steadily selling off its Apple (AAPL) stake since the second half of 2012. That’s the same time everybody else has been selling down the stock. Guffawing? Maybe [...]
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