Fidelity is closing its Small Cap Value Fund ($3.5B AUM) to new accounts as of March 1. "We...

|By:, SA News Editor

Fidelity is closing its Small Cap Value Fund ($3.5B AUM) to new accounts as of March 1. "We believe closing the fund will give (the managers) an opportunity to build upon the fund's long-term performance." The fund has outperformed IWM and IJR over any number of time frames.