The subject line of the email you send will be "Fidelity.com: ", Will is dedicated to the long-term benefits of active management. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. Insights from Fidelity’s portfolio managers. You may have a gain or loss when you sell your shares. Will Danoff—30 years McDonalds could bounce around, but Danoff thinks that over 10 years it will be a great holding. Will Danoff joined Fidelity in 1986 as an equity analyst and later served as a portfolio assistant on Fidelity Magellan Fund, managed by renowned investor Peter Lynch. During his nearly 30-year tenure, the Fidelity Contrafund has outperformed the S&P 500 in 100% of rolling 10-year time periods. 9/17/1990-9/30/2020. As manager of the US$100-billion-plus Fidelity Contrafund — the largest actively-managed stock or bond mutual fund run by a single person — Danoff meets with upward of 1,000 companies every year. Will Danoff is a bottom-up stock picker in the traditional sense. By using or logging in to this website, you consent to the use of cookies as described in our privacy policy. Will Danoff manages $230 billion for Fidelity Investments, with more than half of that in the Contrafund FCNTX, +0.51%, a massive mutual fund … Fidelity does not guarantee accuracy of results or suitability of information provided. During his nearly 30-year tenure, the Fidelity Contrafund has outperformed the S&P 500 in 100% of rolling 10-year time periods. Asked about Pepsi and why Coke is in Danoff’s portfolio and not Pepsi: Danoff replied likes the brand of Coke better than Pepsi, which is more about Frito-Lay. Will continued to follow his longstanding strategy of owning "best of breed" companies with what he considers superior earnings growth, proven management teams and sustainable competitive advantages. Since he assumed the portfolio in September 1990, Contrafund has had an annualized 12.7% return to December 2016, beating the benchmark S&P 500 Index by … Join us for a live Q&A with portfolio manager Will Danoff, manager of Fidelity Insights Fund, as he discusses his outlook for the U.S. and global markets. He just has more riding on his judgment than most. All Rights Reserved. Ideally, get your lawn mowing savings or whatever savings you’ve got and even with a thousand dollars, you can buy a couple shares of your favorite companies. A $10K investment in the fund in 1990 would be worth over 2 times that of a hypothetical investment in its benchmark over the same period. Portfolio Manager Will Danoff is pleased with the fund's strong outperformance of the benchmark the past six months. Bull and bear markets come and go, but great companies – those that can grow across different market environments – stand the test of time. Our guest this week is Will Danoff. Fidelity Investments' superstar portfolio manager Will Danoff has a new partner helping him run $120 billion in assets and there is a chance this … We’ve invested in unparalleled research, bottom-up fundamental analysis, product innovation and our people. Article content. In an ever-changing and complex financial services world, we’re committed to developing quality products that provide long-term value. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation. Timely insights from Fidelity’s portfolio managers and analysts on navigating volatility and long-term investing. Objective. Current performance may be higher or lower than what is quoted, and investors should visit Fidelity.com/performance for most recent month-end performance. A combined growth and value approach that provides diversification across sectors, market capitalizations and regions, and offers the potential for strong risk-adjusted returns. Please see additional standard performance information. It is not possible to invest in an index. DANOFF: I think you got to learn to swim by jumping in the water. As manager of one of the world’s largest actively managed mutual funds, Will personally meets with hundreds of companies each year. At the time, Danoff owned 500 stocks. Danoff: Yes, we've had a long run since the bottom of the spring of 2009, earnings have more than doubled, stocks have more than tripled. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. William Danoff B.A., Harvard University, 1982; M.B.A., University of Pennsylvania - The Wharton School, 1986; Currently Managing. Strategy Investing in securities of companies whose value FMR believes is not fully recognized by the public. This site is for persons in Canada only. Please see additional standard performance information. Will has over 32 years of experience and has been a portfolio manager since 1990. Read a fund's or pool's prospectus and consult your financial advisor before investing. Read our privacy policy. Investors who buy Series F pay investment management fees and expenses to Fidelity. Investment solutions for institutional investors, Execution, clearing, custody and back-office solutions for brokerage firms and portfolio managers. Fidelity Investments is a registered trademark of Fidelity Investments Canada ULC. Investment return and principal value will fluctuate, so investors may have a gain or loss when shares are sold. The indicated rates of return are the historical annual compounded total returns including changes in unit value and the reinvestment of all distributions and do not take into account sales, redemption, distribution, optional charges or income taxes payable by any security holder that would have reduced returns. Stock values fluctuate in response to the activities of individual companies, and general market and economic conditions. Forget future earnings, says Will Danoff, portfolio manager at Fidelity. Will runs a number of Fidelity equity strategies, best known of which is Fidelity Contrafund, a mutual fund he has been managing since September 1990. It is a violation of law in some jurisdictions to falsely identify yourself in an email. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity Insights Class invests in units of Fidelity Insights Investment Trust, which is managed by Will Danoff. •Portfolio Manager Will Danoff is pleased with the fund's strong outperformance of the benchmark the past six months. Investors will pay management fees and expenses, may pay commissions or trailing commissions and may experience a gain or loss. If you buy other series of Fidelity funds, the performance will vary largely due to different fees and expenses. Learn about Fidelity’s active equity exchange-traded funds (ETFs). Insights from Fidelity’s portfolio managers Fidelity’s Will Danoff Looks Back on 30 Years at Contrafund. Fidelity is one of the world’s largest providers of financial services. At US$129 billion, Contrafund is the largest actively managed stock or bond mutual fund run by one person. © 2018 Morningstar Research Inc. All Rights Reserved. Seeks capital appreciation. And he decided to look at the bottom 300 stocks and decide up or out (of the portfolio). During his 30-year manager tenure, the Fidelity ® Contrafund ® (FCNTX) has averaged an incredible 13.69% annualized average return, more than 3% greater … With over 800 investment professionals worldwide, Fidelity takes local market knowledge, identifies real opportunities and makes them available to you here at home. William Danoff (born 1959–60) is a vice-president and portfolio manager of Fidelity Contrafund, since 1990. Watch the video (2:55) Fund Overview. Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. Listen to Masters in Business episodes free, on demand. Important legal information about the email you will be sending. Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. What matters is now. All rights reserved. Time: 11:30 a.m. - 12:00 p.m. Mr. Danoff, 49, began his career at Fidelity in 1986 as a research analyst and became manager of the Fidelity Select Retailing Portfolio that year. With nearly 35,000 meetings logged in his career, Will has forges a deep understanding of what it takes to deliver strong growth over the long term. The company declined to tell Reuters how many people were entitled to the biggest payouts from F-Prime. I'm trying to upgrade the quality of my portfolio in this downturn. †The chart above illustrates the performance of a hypothetical $10,000 investment made in the fund and a benchmark during managers tenure. Performance data shown represents past performance and is no guarantee of future results. Will Danoff. Danoff: Yeah, Paul, managing a $100 billion-plus fund is harder than managing a smaller fund. Will Danoff joined Fidelity in 1986 as an equity analyst and later served as a portfolio assistant By using this service, you agree to input your real email address and only send it to people you know. Used with permission of The Wall Street Journal, October 21, 2016. A core equity holding that seeks to identify companies that the portfolio manager believes will offer sustained, above-average earnings growth. Will Danoff, Portfolio Manager, Fidelity Contrafund Gain insights on navigating change and making smart investments Seth Klarman, CEO and Portfolio Manager of The Baupost Group LLC Eric Lander, PhD, President and Founding Director of Broad Institute Copyright 1998-2020 FMR LLC. As a privately owned firm, we have been providing investment solutions and innovations to our clients for more than 70 years. Fidelity Investments is a registered trademark of Fidelity Investments Canada ULC. 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