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Fidelity Floating Rate High Income Message Board

  • InvestmentGuru2001 InvestmentGuru2001 Mar 21, 2011 5:29 PM Flag

    Market up 200

    Christine THE IDIOT fails again! Fire Christine today!

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    • Not ask the proverbial dumb question but...

      Why would you expect a BOND fund to track a STOCK market?

      FFRHX was up a penny today.

      So was DFRAX, which, like FFRHX, invests in floating rate securities.

      FRB, a closed end fund that invests in flating rate securities, was down 2 cents.

      Compared with the stock market FFRHX may not have done very well.

      But a more appropriate comparison is with other funds that purchase floating rate debt securities. And on that basis, FFRHX was competitive.

      • 1 Reply to semper_grumpy
      • NOT TRUE! First, this is a loan fund, not a bond fund. Second. Christine ranks 87 out of 90 fund managers in terms of perforance 1, 2 and 3 years. She is in the middle for 5 years. Third, she takes an exceedingly conservative approach toward managing this fund, and thus lost out on on numerous opportunities to grow this fund over the last 18 months. She has a very bright staff; yet listens to none, and her "go-it-alone" personality has yielded extremely poor returns for investors. I like the fund concept. I own 5 other funds like this one -- all of which have done better in the last 18 months. Finally. I truly believe that this fund manager is an idiot with college degree from a good university. It just proves that you can be an IDIOT, get a degree, and work for Fidelity. If Fidelity actually measured her performance by ANY benchmark, they would have canned her by now.. But her relationship with Abigail Johnson is the only reason she is still employed. It's called the "ol' girls' network." Fire her Abi; she is worthless.

    • So join me and demand that she be fired! She is totally incompetent!

8.910.00(0.00%)Feb 12 6:45 PMEST