Is Fidelity Growth Company (FDGRX) a Strong Mutual Fund Pick Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
0mins
Should l Buy ?
Source: NASDAQ.COM
Fidelity Growth Company (FDGRX) Overview: FDGRX is a highly-rated Large Cap Growth mutual fund with a Zacks Mutual Fund Rank of 1 (Strong Buy), managed by Steven S. Wymer since 1997, and has accumulated approximately $55.64 billion in assets. It boasts strong performance metrics, including a 5-year annualized total return of 22.45% and lower fees compared to its peers.
Performance and Volatility Metrics: While FDGRX shows strong returns, it also exhibits higher volatility with a 5-year beta of 1.18 and a standard deviation above the category average. Despite this, it has generated a positive alpha of 5.22 over five years, indicating effective security selection by its managers.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
