In Brief: Jan. 17, 2000

MAGELLAN'S RISK Fidelity wants to allow its Magellan Fund to invest as much as 25% of its assets in one company--up from 5%. This will potentially lessen the fund's diversification and increase its risk. If that worries you, better check the fine print of your other funds. Most companies already allow managers to invest up to 25% of a fund's assets in a single company, but most funds keep their maximum exposure well under 10%.

Funds The most they have invested in one company

T.Rowe Price Blue Chip Growth Fund 3.9% Alliance Growth Fund 8.3% Dreyfus Appreciation Fund 6.3% Strong...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!