Word: magellans
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Dates: during 2000-2000
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...MAGELLAN'S RISK Fidelity wants to allow its Magellan Fund to invest as much as 25% of its assets in one company--up from 5%. This will potentially lessen the fund's diversification and increase its risk. If that worries you, better check the fine print of your other funds. Most companies already allow managers to invest up to 25% of a fund's assets in a single company, but most funds keep their maximum exposure well under...