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"But putting aside the misleading name, the fund has high turnover (71%) and expense ration (0.81) and even worse, only a six month history. The fund is in proven, the management team unproven, whether the fund can maintain consistent returns across differing economies, unproven."


If your apology was offered to me, I refuse to accept it. If it was offered to the Opening Poster, he shouldn't accept it, either, because your mistakes were inexcusable.

As the least bit of effort would have discovered, the inception date for FOCPX was 12/31/84. That's a lot more history than the six months you mistakenly assert. Furthermore, as anyone who knows anything about Fidelity's business model, Fidelity is very aggressive about rotating its fund managers for at least two reasons. (1) It wants to develop a wide and deep bench of talent to draw on. (2) It is supremely confident of its research and execution processes.

Sometime, at your leisure, benchmark FOCPX against the NASDAQ 100. As you can see, FOCPX has out-performed it EVERY YEAR SINCE INCEPTION. So, do you really, really think that the Opening Poster hasn't made a prudent and informed choice?

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