watchers may want to dig into the latest ratings agency take on the Boston Behemoth's current position and prospects for the future.
Fitch Ratings praises
the "extremely strong market position" of the Boston-based mutual fund giant led by Abby Johnson
Amey Stone of Barron's highlighted
Fitch's latest ratings for Fidelity.
The ratings agency reminds us that Fidelity is "the largest manager of money market mutual funds, the largest distributor of mutual funds, the largest administrator of defined contribution plans, and one of the largest retail brokerage platforms." Fitch notes the rise of passive management and Fidelity's focus on active management (89 percent of its AUM) while also expanding its passive offerings.
Fundsters interested in Fidelity should consider digging into Fitch's full release, which has plenty of tidbits, some that Fitch sees as positive and some as negative, about the Boston Behemoth.
Neil Anderson, Managing Editor
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