Fidelity Founders Fund (FIFNX)
Fidelity Founders Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $28.80, up 0.81% on the session, giving a market capitalisation of $221.1M. On trailing twelve-month figures it carries a trailing P/E of -14.85, a net margin of -236.6%. Its beta of 1.29 implies it has historically moved more than the broad market.
This fund primarily allocates its capital to the shares of businesses spearheaded by their original founders. For a company to be classified as 'founder-involved,' at the point of the fund's initial acquisition, one of its founders must hold a significant role either within the senior leadership team or on its board of directors. Investment decisions are shaped by a two-pronged analytical approach: quantitative methods are employed to assess prospects for expansion, intrinsic value, ease of trading, and associated risks. This is complemented by fundamental research, which examines critical elements such as an issuer's financial health, its standing within its sector, and prevailing market and economic climates to make informed selections.
Fidelity Founders Fund is most often compared with the following Financial Services names: