BOSTON Oct 18 Fidelity Contrafund manager Will
Danoff, who oversees $109 billion, increased his exposure to
tech companies in the third quarter as he continues to largely
avoid utilities, telecom and energy stocks.
"Exposure to tech increased this quarter, and it remained
the fund's largest sector allocation in both absolute and
relative terms," according to Contrafund's investor commentary
for the third quarter. "We continue to believe many top
companies here have the potential for significant growth."
(Reporting By Tim McLaughlin; Editing by Chizu Nomiyama)