Fidelity has launched three mutual funds with a long-term focus designed for sale by financial advisersthe Fidelity Advisor Global Balanced, Fidelity Advisor Worldwide and Fidelity Advisor Convertible Securities funds.
The thinking is that if an investor has a widely diversified portfolio, they will be better prepared for retirement, said Martha B. Willis, executive vice president of Fidelity Investments Institutional Services Co. Diversification can mitigate risks and add significant value to a clients portfolio, she told The Wall Street Journal.
While investors are currently discouraged by the markets, Willis reminded, they will return to positive territory. Investors should be careful not to expect these short-term results to last forever, particularly when the history of the markets suggests otherwise. Diversification has been a valuable strategy for advisers in helping their clients reach their long-term investment goals.