Fidelity Magellan ETFFMAG
FMAG
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
500% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 2
102% more capital invested
Capital invested by funds: $21.9M [Q3] → $44.2M (+$22.3M) [Q4]
10.32% more ownership
Funds ownership: 15.9% [Q3] → 26.22% (+10.32%) [Q4]
7% less funds holding
Funds holding: 28 [Q3] → 26 (-2) [Q4]
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Research analyst outlook
We haven’t received any recent analyst ratings for FMAG.
Financial journalist opinion
Negative
Seeking Alpha
1 month ago
FMAG: Don't Bother With This High Fee, Limited Differentiation ETF
Fidelity Magellan ETF, an actively managed ETF by Fidelity, aims to outperform the S&P 500 but has failed to deliver significant alpha over four years. The fund's 0.6% expense ratio is high compared to SPY's 0.09%, with FMAG showing more volatility and a low Sharpe ratio of 0.16. FMAG's portfolio closely mirrors SPY, with minor differences, making it unnecessary to pay higher fees for similar exposure.
Negative
Seeking Alpha
11 months ago
FMAG ETF: Active Equity Strategy Still Has A Lot To Prove
The Fidelity Magellan ETF is an actively managed fund that focuses on large-cap U.S. stocks. The fund has rallied over the past year but still lags the benchmark S&P 500 historically. It's unclear whether the strategy can deliver Alpha over the long run.
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