Fidelity Blue Chip Growth: Uninspiring

Large, growing companies are poised to step into the spotlight, but we're not sure this fund will shine.

Editor's note: This is part of a continuing series of articles looking at the 20 biggest no-load stock funds.

The prospects for blue chip stocks are bright, but the outlook for Fidelity Blue Chip Growth is hazy. The fund, which invests in large, fast-growing companies, has ranked in the bottom 30% of its peer group in each of the past four calendar years. Over the past decade, it gained 6% annualized, matching the average large-company growth fund, but lagging the S&P 500-stock index by an average of nearly three percentage points a year.

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Staff Writer, Kiplinger's Personal Finance