FMAG: Significant Second Half Underperformer (Rating Downgrade)

Group 1 - The Fidelity Magellan ETF (FMAG) is an actively managed ETF that primarily invests in large-cap American-listed stocks, with less than 5% exposure to global equities outside the U.S. [1] - The ETF aims to provide investors with a diversified investment option in the North American public equity market [1] Group 2 - Nikola has over three years of experience in finance and consulting, focusing on identifying value in North American public equities and ETFs [1] - His professional background includes corporate credit risk analysis, consulting for government entities, and venture capital analysis in the med-tech sector [1] - Recently, Nikola has assisted investors in selecting better ETF options amid a crowded market of similar offerings [1]