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Fidelity Mgmt. Tr. Co. , 1st Cir., No. 17-1693, motion for leave to file amicus brief 11/10/17 ). Stable value funds, which are meant to be conservative, low-risk investment options that protect against interest rate volatility, have become a flash point in litigation under the Employee Retirement Income Security Act.
Fidelity Growth Company Fund (NASDAQMUTFUND:FDGRX) is one of those funds. Let's take a closer look. A top-notch stock-picker with a great long-term track record. In many ways, Fidelity Growth Company Fund is a lot like its older sibling, the legendary Fidelity Contrafund (NASDAQMUTFUND:FCNTX). Like Contrafund, Fidelity Growth Company is a big ($42.5 billion) fund run by a single human manager who has been on the job for many years.