Juul Labs Inc has become one the biggest bets in the portfolio of Fidelity’s $28...
BOSTON - Juul Labs Inc has become one the biggest bets in the portfolio of Fidelity’s $28 billion Blue Chip Growth Fund, whose exposure to the troubled e-cigarette maker has climbed to $761 million amid a regulatory backlash and departure of its top executive.
Fidelity Blue Chip Growth Fund’s manager Sonu Kalra had 2.7% of the giant fund’s assets invested in Juul as of July 31, the latest fund disclosures show, up from 1.7% of assets a year earlier.
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