Evaluating Managed Funds

[Oak Bull]

Some interesting info on Fidelity:

William Danoff, who has managed Contrafund for 15 years, was chosen to manage a new fund, Fidelity Advisor New Insights, in July of '03. New Insights is also a large-cap growth fund, and has very similar holdings to Contrafund. However, New Insights is purchased through a broker, and carries a 5.75% front-end load(compared to no load) and a higher expense ratio (1.22 versus 0.94).

Here is how the two funds currently stack up:

Total Assets: Contra $60,093 mil., NI $1,014 mil.
2004 Total Return: Contra 15.06%, NI 18.75%
2005 Total Return: Contra 16.23%, NI 19.01%

*total returns are net of expenses but not loads.

If you like the Contrafund management style but are concerned by the huge size, this may be a good option to look at. Many people are understandably distrustful of the "sell-side" of the financial world. But using a financial planner/advisor who works on commission is not always as costly as it may seem- if that person is competent and trustworthy. Which is a huge if.

[z32fanatic]

What's the difference between the 5 New Insight funds he manages? I see 2 of them (New insight A and T) have loads while the other 3 (New insights instl, C and B) don't have loads. They all have similar performance and holdings. Why would i buy one with a load if the other ones are no-load? If these questions are dumb please bear with me, i'm new to the mutual fund game. The symbols for these are FINSX, FNIAX, FNITX, FNICX, FNIBX.

[buffett]

here's a start: abc