In a bid to drive sales,
This is a new approach for Fidelity, which heretofore had used a “star” system. It’s possible the firm decided to emulate the team approach at
For the first time in 20 years, Fidelity isn’t ranking in the top 25 of sales, according to
“It’s not lost on them how American Funds has been doing,” said James Lowell, editor of Fidelity Investor. “Fidelity is not only interested in doing what its competition is doing, but doing it better.”
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.