How long has Will Danoff been managing Fidelity US S Contrafund?

How long has Will Danoff been managing Fidelity US S Contrafund?

Will Danoff is one of the best stock investors in the world. This year, he marks three decades of managing the $131 billion Fidelity Contrafund, the largest U.S. mutual fund run by a single manager.

How much does Will Danoff make?

That means Danoff’s annual compensation is well over the average of $436,500, and it is well over $10 million, but Fidelity does not benefit from investors, the U.S. government or other Fidelity fund managers knowing the specific number.

Who runs the Contrafund Fidelity?

The Contrafund is managed by Fidelity Investments and seeks out capital appreciation by finding value stocks poised for growth. The fund focuses on U.S. large-cap stocks with market values greater than $10 billion.

Is Fidelity Contrafund still good?

Overall, Fidelity Contrafund ( FCNTX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, average downside risk, and lower fees, Fidelity Contrafund ( FCNTX ) looks like a good potential choice for investors right now.

Did the Fidelity Contrafund split?

Fidelity Investments is moving ahead with a 10-to-1 split of shares at some of its most popular funds, including its Contrafund flagship fund, after putting the move on pause for two months following technical issues. After the close of markets this Friday, 13 Fidelity funds and share classes will undergo the splits.

Do portfolio managers make millions?

Many factors affect a portfolio manager salary. While the BLS reports the median annual portfolio manager salary was $81,590 in 2019, salaries vary. For example, the top 10% of earners made more than $156,150; the bottom 10% of earners made less than $47,230.

How much do Fidelity fund managers make?

The typical Fidelity Investments Portfolio Manager salary is $314,477 per year. Portfolio Manager salaries at Fidelity Investments can range from $246,446 – $529,917 per year.

Is Fidelity Contrafund closed to new investors?

BOSTON (MarketWatch) — Fidelity Investments is closing its biggest stock mutual fund, the $63.8 billion Contrafund, to new investors along with another fund run by William Danoff after the funds attracted billions of dollars in cash over a year.

Should I invest in contra funds?

A Contra Fund does not chase the momentum of the market or bet on the current favorite. On the contrary, it bets on the opposite – the underdog. Hence, you should consider investing in a Contra Mutual Fund if you have a reasonable risk tolerance, an investment horizon of 5+ years, and tons of patience.

Did Fidelity Contrafund pay a dividend today?

FCNTX does not currently pay a dividend.

How much do portfolio managers make at Fidelity?

The estimated total pay for a Portfolio Manager at Fidelity Investments is $220,901 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $159,162 per year.

How many years does it take to become a portfolio manager?

Financial analysts with a bachelor’s degree and four years of accepted work experience are eligible to sit for the three-exam series. The Chartered Portfolio Manager (CPM) is a certification that requires at least three years of experience in active portfolio management and is another prominent credential.

Do Fidelity Advisors get commission?

Approximately 68% of eligible representatives receive this compensation, which typically ranges from 4% to 12% of total annual compensation, with an average of 10%.

Does Fidelity Contrafund pay a dividend?

Which Contra Fund is best?

List of Contra Mutual Funds in India

Fund Name Category 1Y Returns
Kotak India EQ Contra Fund Equity 3.6%
SBI Contra Fund Equity 14.9%
Invesco India Contra Fund Equity 4.0%
View All

What did Fidelity Contrafund close at?

FCNTX – Fidelity Contrafund Fund

Previous Close 13.30
Expense Ratio (net) 0.86%
Category Large Growth
Last Cap Gain 0.00
Morningstar Rating ★★★★★