Market Tailwind Has Lifted This Top Fidelity Mutual Fund Manager’s Portfolio – Investor’s Business Daily

Over the past month, $1.6 billion Fidelity Trend Fund (FTRNX) has made some big moves — both up and down, but mostly up.

The mutual fund has outperformed the S&P 500 4% to 1% in the past month, even after this week’s stock market hiccup when President Trump’s administration came under renewed attack. The past month’s outperformance has padded the growth fund’s year-to-date lead to nearly 12% vs. 7%. The fund tops 55% of its large-cap growth peers tracked by Morningstar Inc.

XAutoplay: On | Off What’s changed in the holdings watched over by Fidelity Trend fund manager Dan Kelly? Not much. Kelley did not change his stripes. But the market rotated toward his type of holdings over the past month. Here’s what happened:

In the initial postelection euphoria on Wall Street, growth-oriented names were in favor, he says. But as the first quarter morphed into Q2, investors began to worry…

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