Fidelity Investments has closed six of its funds in just the first half of 2006. For some perspective, that's a lot more than it has ever closed in a full-year period. As of now, it has 10 closed no-load funds and 2 closed advisor-sold funds, according to Morningstar. The consensus among fund shareholders would no doubt be that this is a good thing. No fund can continue to perform when its assets soar beyond what the fund's parameters can accommodate. Of course, one study has found that closed funds often lag just after they are closed. So in that sense, it's a warning. An obvious reason is that by the time the funds close, they have grown too big. Perhaps Fidelity is trying to head that off.

For more on Fidelity's move:
- Here's a Morningstar article