In short, over the span of history we’ve got, SPY produced about TWICE the returns of Fidelity Magellan, even though they moved pretty much in lockstep. It seems pretty clear that the days of mutual funds are over, as they are relics of a bygone era and have been wholly replaced by ETFs. The funny thing is that FMAGX still has $26 billion under management, and no one could really explain why.More By This Author:It’s Not Working, CCP!OPEC Meeting Fallout: Weathering Heat In Energy Positions With COP And SLB PutsGOOGL On The Verge: A Bearish Turn Signals Potential Weakness In The Magnificent-7
