Fidelity shines in growth stock rally
For years, Fidelity Investments and other Boston mutual fund mangers have needed a sustained market that favors growth-oriented stocks. That would fairly describe the first three months of 2012, when the Standard & Poor’s 500 index jumped 12 percent. At least 11 Fidelity funds, each managing at least $1 billion, generated even better returns than that benchmark during the first quarter of the year. How Boston’s biggest fund started 2012 off with a bang.