A Worthy Large-Growth Holding
Silver-rated Fidelity Advisor New Insights features a capable management duo.
Robby Greengold: Fidelity Advisor New Insights earns a Morningstar Analyst Rating of Silver, reflecting the talent and experience of its leadership. This equity fund is headed by veteran asset managers Will Danoff and John Roth. Their collaboration here is organized in a 60/40 sleeve structure, with each manager operating independently.
Danoff is responsible for the larger slice, and he's been a reliably growth-oriented investor over the past 10 or 15 years. His manages with the foundational belief that stock prices follow earnings. As he scours the market for companies to buy, he looks for superior business models and places a lot of emphasis on the skill of corporate executive teams. Founder-led firms have been among his favorites in recent years: Facebook, Salesforce.com, and Amazon.com are good examples of that; those stocks have been significant holdings in this portfolio. Danoff's sleeve mirrors that of his other charge, Fidelity Contrafund, which is a Silver-rated fund that he's run prodigiously for nearly three decades.
Roth tends to be a bit more value-leaning in his approach. His sleeve draws mostly from Fidelity New Millennium, a Bronze-rated large-blend fund that he's managed successfully since 2006. Compared with Danoff, Roth delves further down the market-cap spectrum, he's more willing to bet on turnaround plays, and typically holds more in financials and less in technology and consumer discretionary stocks.
With a capable management duo at the helm, this fund remains a worthy long-term holding.
Robby Greengold does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.