Fidelity partially reopens Small-Cap Stock Fund
November 30, 1998
Fidelity announced that it is reopening its Small Cap Stock Fund to existing investors. The fund was closed May 14 after assets grew to nearly $765 million in its first two months of operation. Since then, the fund's assets have declined to $500 million because of drops in small-cap stock prices. The Fidelity Small Cap Fund has declined 19.4 percent since its inception on March 12. In the same period, the Russell 2000 Index declined 14.5 percent.