Will is dedicated to the long-term benefits of active management. During his 31-year manager tenure, the Fidelity® Contrafund® (FCNTX) has averaged an incredible 13.70% annualized average return, more than 2% greater than the annual returns from the benchmark S&P 500 Index.*
The Fidelity Contrafund is an actively managed domestic equity fund that seeks long-term growth of capital and can be an appropriate core equity holding for investors seeking broad exposure to companies we think have "best-of-breed" qualities and are underappreciated by other investors. This includes companies that have shown a strong competitive position, high returns on capital, and solid free cash flow generation, as well as management teams that have been stewards of shareholder capital.
Market corrections occur, so staying the course with a skilled manager may benefit shareholders over the long term.