Two Fidelity Funds Picked the Wrong Time to Jump on the Technology Train

When the technology sector tanked in March and April, it took a lot of late-arriving investors along with it.

Among the late-comers were a couple of Fidelity mutual fund managers who tried to rejuvenate two value-oriented funds by making what turned out to be ill-timed bets on technology stocks.

Indications are that the changes caught investors in these funds by surprise and left them with the worst of both worlds: funds that lagged behind the market both during the tech run-up and the current value-stock recovery. ...