Uninvested by Bobby Monks

Author:Bobby Monks
Language: eng
Format: epub
Publisher: Penguin Publishing Group
Published: 2015-07-06T16:00:00+00:00

Figure 9. Fidelity Growth Discovery Fund, Performance and Risk

Figure 10. Ratings for Fidelity Magellan Fund, 2014

Of course, mutual funds are legally required to acknowledge this in their communication. As a result, some variation of the industry’s oracular axiom—“past performance is no guarantee of future results”—can be found in every mutual fund prospectus and marketing pamphlet and on every fund website (see Figure 11).

Figure 11. Excerpt from Fidelity International Capital Appreciation Fund Summary Prospectus

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