Fidelity New Millennium Fund (FMILX)
Fidelity New Millennium Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $78.37, up 0.93% on the session, giving a market capitalisation of $6.15B. Its beta of 1.03 implies it has historically moved more than the broad market.
The Fidelity New Millennium Fund strives to generate capital appreciation for its investors. It primarily allocates its assets to common stocks. The fund's strategy involves the advisor actively discerning early indicators of major, enduring shifts across various markets. This is achieved by thoroughly analyzing elements like technological advancements, new product developments, economic forecasts, population demographics, and changing societal values. The ultimate goal is to pinpoint and invest in companies, frequently those of small to medium size, that are strategically positioned to benefit from the emerging opportunities these transformations create. The fund's holdings may encompass either growth-oriented stocks, value-focused stocks, or a blend of both.
Fidelity New Millennium Fund is most often compared with the following Financial Services names: