{"id":7016,"date":"2008-01-18T00:00:00","date_gmt":"2008-01-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"magellan-fund-reopens-to-new-investors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2008\/magellan-fund-reopens-to-new-investors.html","title":{"rendered":"Magellan fund reopens to new investors"},"content":{"rendered":"<p>BOSTON Reuters &#8211; Fidelity Investments will let newcomers put money into its flagship Magellan stock portfolio for the first time in more than a decade to pull in fresh cash at a time when retirees are taking savings out, the company said on Monday. <\/p>\n<p>Once ranked as America&#8217;s largest stock mutual fund with more than $100 billion in assets, Magellan grew so popular that Fidelity executives limited access to it in September 1997 in order to ensure a stable cash flow for its manager.<\/p>\n<p>Now the mutual fund giant, which invests roughly $1.6 trillion in assets, is reversing course because Magellan has shriveled in size to $44.5 billion as investors who need their retirements savings withdraw cash.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/216973721\" width=\"1\" border=\"0\" \/><br \/><a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/216973721\/idUKGRI54019820080115\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON Reuters &#8211; Fidelity Investments will let newcomers put money into its flagship Magellan stock portfolio for the first time in more than a decade to pull in fresh cash at a time when retirees are taking savings out, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7016","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7016"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7016\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}