Just as lifecycle funds change with time to conform to investors' needs, Fidelity Investments is changing the mix of its Freedom Funds to respond to market demands. By June, Fidelity plans to add four new funds to the lineup, which has grown 248% in assets since 2003.

The new Fidelity Freedom 2045, Fidelity Advisor Freedom 2045, Fidelity Freedom 2050 and Fidelity Advisor Freedom 2050 are geared toward addressing the needs of younger investors just coming into the market.

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