Copyright 1998-2020 FMR LLC. As with any search engine, we ask that you not input personal or account information. The New … Last October, the Wall Street Journal hailed Danoff as "The $108-billion Man Who Has Beaten the Market." © 2018 Fidelity Investments Canada ULC. Date: Monday, April 20, 2020. Will has over 32 years of experience and has been a portfolio manager since 1990. He owns hundreds of stocks but tends to concentrate investments in … Will Danoff is the portfolio manager of both of the large-cap stock funds and has led the Contrafund to market-beating returns since 1990. Read a fund's or pool's prospectus and consult your financial advisor before investing. Performance data shown represents past performance and is no guarantee of future results. Read our privacy policy. This site is for persons in Canada only. Please see additional standard performance information. Past performance is not guarantee of future results. Our guest this week is Will Danoff. Will Danoff—30 years The company declined to tell Reuters how many people were entitled to the biggest payouts from F-Prime. Will Danoff on Innovation and Investments (Podcast) September 11, 2020 — 7:46 AM PDT Bloomberg Opinion columnist Barry Ritholtz speaks with Will Danoff, who is the Contrafund portfolio … Speak to an advisor about how Will’s funds can help your portfolio grow. During his 30-year manager tenure, the Fidelity® Contrafund® (FCNTX) has averaged an incredible 13.69% annualized average return, more than 3% greater than the annual returns from the benchmark S&P 500 Index.*. Fidelity Global Growth and Value Class invests in units of Fidelity Global Growth and Value Investment Trust, which is co-managed by Will Danoff, Joel Tillinghast and Salim Hart. For now, the Covid-19 pandemic has been a boon to Danoff’s portfolio, validating his long-term bets on software, social media, cloud computing and digital payments. With over 800 investment professionals worldwide, Fidelity takes local market knowledge, identifies real opportunities and makes them available to you here at home. During his nearly 30-year tenure, the Fidelity Contrafund has outperformed the S&P 500 in 100% of rolling 10-year time periods. Mutual funds sponsored by Fidelity Investments Canada ULC are only qualified for sale in the provinces and territories of Canada. All Rights Reserved. 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. 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. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. 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 Fidelity Investments is a registered trademark of Fidelity Investments Canada ULC. You may have a gain or loss when you sell your shares. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. Danoff believes his investment style works well for a big portfolio with a long-term horizon. Article content. This chart is not intended to imply any future performance of the investment product. 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. Investors who buy Series F pay investment management fees and expenses to Fidelity. The legendary investor offers advice for investors, his thoughts on the market, and why it’s important to stay around young people. Will Danoff, Fidelity ® Contrafund ® Will is dedicated to the long-term benefits of active management. The subject line of the email you send will be "Fidelity.com: ", Will is dedicated to the long-term benefits of active management. During his nearly 30-year tenure, the Fidelity Contrafund has outperformed the S&P 500 in 100% of rolling 10-year time periods. By using or logging in to this website, you consent to the use of cookies as described in our privacy policy. © 2018 Morningstar Research Inc. All Rights Reserved. •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. It is a violation of law in some jurisdictions to falsely identify yourself in an email. 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. Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. https://bostoninvestmentconference.com/speakers/will-danoff 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. What matters is now. 9/17/1990-9/30/2020. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917, (Separate multiple email addresses with commas). So, start a paper portfolio and start investing. A core equity holding that seeks to identify companies that the portfolio manager believes will offer sustained, above-average earnings growth. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. Please use the following code to … ET (English) Register. Timely insights from Fidelity’s portfolio managers and analysts on navigating volatility and long-term investing. Current performance may be higher or lower than what is quoted, and investors should visit Fidelity.com/performance for most recent month-end performance. 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. Danoff mentioned that Coca-Cola has a great distribution network and has pushed innovation. Please see additional standard performance information. Will Danoff manages $230 billion for Fidelity Investments, with more than half of that in the Contrafund FCNTX, +0.51%, a massive mutual fund … Market corrections occur, so staying the course with a skilled manager may benefit shareholders over the long term. Fidelity’s Will Danoff Looks Back on 30 Years at Contrafund. Danoff: Yeah, Paul, managing a $100 billion-plus fund is harder than managing a smaller fund. All rights reserved. †The chart above illustrates the performance of a hypothetical $10,000 investment made in the fund and a benchmark during managers tenure. Portfolio Manager Will Danoff is pleased with the fund's strong outperformance of the benchmark the past six months. DANOFF: I think you got to learn to swim by jumping in the water. Fidelity Insights Class invests in units of Fidelity Insights Investment Trust, which is managed by Will Danoff. Fidelity is one of the world’s largest providers of financial services. This week, we speak with Fidelity ‘s Will Danoff, who manages the firm’s storied Contrafund.The large-cap growth fund has $139 billion in assets under management. As manager of one of the world’s largest actively managed mutual funds, Will personally meets with hundreds of companies each year. 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