Fixed income, balanced and retirement funds are helping Fidelity weather the economic storm, even at a time when the world’s biggest mutual fund firm saw its profits decline 39% last year.

"We have seen very positive sales on balanced funds," Robert Reynolds, Fidelity's chief operating officer, told Reuters. Both last year and so far this year, balanced funds have been Fidelity’s biggest seller, and that is likely to continue into the foreseeable future, Reynolds said. As well, 65% of the firm’s business is money managed for retirement saving, immunizing the firm from the volatility in new fund sales, Reynolds said.

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