Large Price Drop of Multiple Fidelity Funds is due to Capital Gains Distribution

Investors may have been alarmed by the large price drops of several Fidelity funds at the end of the Friday trading session. The drop in the net asset value (NAV) of these funds was largely due to the distribution of capital gains, which happens periodically. For more details click here.

Here are a few examples of Fidelity funds with large price drops:

fbgrx

flpsx

frifx

 

Buy and sell signals for Fidelity funds are available at FidelitySignal.com

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