Havoc In Magellan Could Steer More Assets to ETFs
Along with the general market turmoil, exchange traded funds (ETFs) and mutual funds have been getting hit. But one of the oldest and most venerable mutual funds in particular is facing big losses as a result of the credit crises: the Fidelity Magellan (FMAGX). In August, the fund hung onto shares from the troubled American [...]
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