Published on Schultz Collins Lawson Chambers, Inc. (http://www.schultzcollins.com)

SF Chronicle Quotes SCLC on Closure of Fidelity Low Priced Stock

By Jon Chambers
Created 07/20/2004 - 09:31

From A fund limits its growth [1] by Kathleen Pender, San Francisco Chronicle, Tuesday, July 20, 2004:

Fidelity Low-Priced Stock is the 10th most-popular fund in 401(k) plans. But if you don’t own it in your retirement plan by July 30, you won’t be able to buy it through your plan for the foreseeable future.

..The [Oregon state employees] plan decided to replace [Low-Priced Stock] with the American AAdvantage Small Cap Value fund. Pension fund consultant Jon Chambers is recommending the same fund to his clients as a replacement for Low-Priced Stock.

“Frankly, the number of open, high-quality, low-cost small-cap value funds is pretty small. I’m not surprised someone would come to the same conclusion” on a replacement fund, says Chambers, a principal with Schultz Collins Lawson Chambers Inc.


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