Question: is fcntx open to new investors?
Answer: As of the close of business April 28, only existing holders will be able to make new purchases in Contrafund FCNTX, +0.32% and the $5.5 billion Fidelity Advisor New Insights Fund. ... Danoff has managed Contrafund since 1990 and Advisor New Insights since its 2003 inception, Boston-based Fidelity said.