PHILLIPS: Average fidelity investor posts gains sharply higher than those for average investor.

0 Comments | M2 Presswire, January, 1999

M2 PRESSWIRE-13 January 1999-PHILLIPS: Average fidelity investor posts gains sharply higher than those for average vanguard investor (C)1994-99 M2 COMMUNICATIONS LTD RDATE:060199 * Fidelity's managed funds outpaced Vanguard's index offerings (POTOMAC, Md.)-- The average Fidelity investor earned a 19.6 percent total return in 1998 as measured by the Fund Family Shareholder Association's (FFSA) Fidelity Investor Index TM compared to the 14.9 percent return earned by the average Vanguard investor as measured by FFSA's Vanguard Investor Index TM.

"The fact that the average Fidelity investor fared a bit better than the average Vanguard investor shows that Fidelity is beginning to get its investment act back on track despite being a "managed" investment...