Fidelity Magellan Fund
1) How well has the Magellan Fund performed in recent years? In making that assessment,
what benchmark(s) are you using? How do you measure investment performance? What does good performance mean to you?
ϮͿ What might explain the fund͛s performance͍ To what extent do you believe an investment
strategy ;such as Peter Lynch͛sͿ explains performance͍
ϯ͘Ϳ How easy will it be to sustain Magellan͛s historical performance record into the future?
What factors support your conclusion?
ϰ͘Ϳ What is ͞capital market efficiency͍͟ What are the implications for investment performance͕
5.) Suppose you advise wealthy individuals in the area of equity investments. Would you recommend investing in the Magellan Fund in ϭϵϵϱ͍ In any ͞growth fund͍͟ What beliefs about the equity markets does your answer reflect?