Fidelity Investments’ Contrafund and Growth Company Fund are alone among the 10 largest U.S. stock mutual funds in beating their benchmarks this year. The $63 billion Contrafund, managed by Boston-based Will Danoff, gained 0.3 percent this year through June 3, beating the Standard & Poor’s 500 Index by 56 basis points during that period, according to data compiled by Bloomberg. The $32 billion Fidelity Growth Company Fund rose 2.5 percent, beating its benchmark, the Russell 3000 Growth Index, by 2.6 percentage points.
U.S. stock mutual funds have lost $15.3 billion to withdrawals this year through May, according to preliminary numbers from the ICI
in Bloomberg.com
Related exchange traded funds: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS)
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