FIDELITY EQUITY-INCOME FUND

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                    [ArticleID] => 367118
                    [Title] => Global mutual fund takes 5% stake in Semirara Mining
                    [Summary] => 

The world’s largest mutual fund group, Boston, Massachusetts-based Fidelity Management and Research Co. (FMR), has acquired a 5.03 percent stake in the Philippines’ biggest coal producer, Semirara Mining Corp.


FMR, with $1.2 trillion in assets under management in more than 300 mutual funds, has amassed a total of 14,935,500 shares of Semirara in the open market, according to a regulatory disclosure filed with the Philippine Stock Exchange (PSE).


A senior member of Congress promptly welcomed FMR’s investment in one of Asia’s largest coal miners.

                    [DatePublished] => 2006-11-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

Global mutual fund takes 5% stake in Semirara Mining

November 5, 2006 - 12:00am

The world’s largest mutual fund group, Boston, Massachusetts-based Fidelity Management and Research Co. (FMR), has acquired a 5.03 percent stake in the Philippines’ biggest coal producer, Semirara Mining...

Business