Updated Thursday, September 3, 2015 as of 12:30 AM ET

Fidelity Closes130/30, Stock Funds

Fidelity has decided to put the brakes on two funds and fold them into a 3-star rated fund.

According to a filing, the firm is reorganizing the $70 million Fidelity Tax Managed Stock Fundinto the $3 billion Fidelity Stock Selector All Cap Fund. Keith Quinton and Timothy Heffernan are the portfolio managers of the stock fund.

A special shareholders Meeting of the Fidelity Tax Managed Stock Fund will be held during the second quarter of 2013 and, if approved, the reorganization is expected to take place on June 21, 2013.

As well, the firm is folding its $19.6 million 130/30 Large Cap Fund into the same stock fund. Qinton is also the PM for the 130/30 offering. The regorg is also expected to take place in June 2013.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here