They’re cautioning that returns could be muted across asset classes.
Investors are bailing out of mutual funds as if it were 2008.
Fidelity's money market assets grew to $629 billion as of Oct. 31 of this year.
In a wide ranging interview about Fidelity, Johnson says the company is making big changes to attract more women clients.
An S&P index of asset managers and custody banks is down 14 percent this month.
“The objective was to lower the friction and get more people to try Fidelity,” CEO Abigail Johnson said.
Traditional asset manager stocks are slumping, even as the stock market heats up.
The money poured into Fidelity Investments’ two zero-fee index funds.
A few 401(k) customers received erroneous messages Tuesday that loans had been processed against their accounts.
Fidelity Global Growth and Value Class fund marks the first time the managers will run a fund together.
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