Fidelity records massive profit, despite fund outflows
Boston mutual fund and brokerage giant increased its earnings by 29% last year despite surging investor redemptions of its mutual funds.
Fidelity Investments increased its earnings by 29% last year, to a record $3.4 billion, despite surging investor redemptions of its mutual funds.
The company's fund outflows — and its continued evolution to a diverse investment and service offering — have created a defining test for Abig
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