Fidelity ends sales charge on Magellan, other funds

Fidelity Investments, the largest U.S. mutual fund company, eliminated a 3 percent upfront fee on its flagship Magellan Fund and four others to boost sales of stock funds. Investors are now able to buy Fidelity's 130 general stock funds directly without paying a sales fee, or front-end load, the Boston-based firm said in an e-mailed…

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