MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, August 2, 2013 INews Says Fido Bond Team Among the Best In response to the hullaballoo over Fidelity's [profile] recent launch of 10 passive and three active ETFs, today InvestmentNews reporter Jason Kephart explores a less-explored aspect of Fidelity's business: its investment-grade bond funds. Kephart reports that the Fidelity Total Bond Fund has three-year annualized returns of 4.45 percent, compared to 3.39 percent at the behemoth Pimco Total Return Fund [profile]. Kephart also writes about Fidelity's overall strategy of using its passive ETFs to "set the stage" for actives, and interviews the editor of Fidelity's newsletter, who, surprise, thinks Fidelity is going to do great. In other Fidelity news, Financial Advisor writes Fidelity announced it brought in $40.5 billion in defined contribution assets under administration administration in the first six months of 2013. This is a 60 percent increase from the first half of 2012. To read more, click here and here. Printed from: MFWire.com/story.asp?s=45267 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |