Should You Come Back to Magellan?

Manager Harry Lange showed his stuff in 2007. If growth stocks remain in favor, his fund should shine.

Investors can now do something they haven't been able to do for a decade, except through some select retirement plans: They can buy into Fidelity Magellan, one of the most famous mutual funds ever.

Magellan, which reopened to all new investors in mid January, was the poster child of the Great Bull Market of the 1980s. Run by Peter Lynch from 1977 to 1990, it returned 27% annualized. Even after Lynch left, investors shoveled money into the fund. Assets peaked at $110 billion in 2000.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.