It's a bloody landscape for large-cap stocks, |
It's almost a pure reflection of market volatility. |
It's like a flashlight on a life raft in the middle of the Atlantic -- good luck finding it. But if there's nearly $3 trillion floating around, and you can hit it with products that relate to Japanese investors' culture and objectives -- a savings and income orientation -- then you're talking about a significant business opportunity. |
It's unlikely a bad stock picker will suddenly turn around, |
No other growth fund at Fidelity has a precious metals holding in its top 10. |
Owning the parts tends to be a lot safer and a lot more rewarding, |
Stansky could manage $200 billion, |
The funds that will probably be hit the hardest are the growth and income funds. They tend to overweight as much in financials as growth funds overweight in technology. |
The majority of Fidelity growth and growth & income funds remained underweight technology - some by inches, and some by miles. |
Their single best investment wasn't Microsoft. It was cold, hard cash, |
They were bearish for a reason, |
They were bearish for a reason. |
They're running without a tenth of their portfolio to meet redemptions. That's a hellish way to run a portfolio, |
They're running without a tenth of their portfolio to meet redemptions. That's a hellish way to run a portfolio. |
This move reflects the fact that Fidelity, while not directly acknowledging it, is tacitly admitting what we all know: that the fund business is maturing, while the other two areas affected by today's announcements, namely the venture capital side and retirement services, have long-term prospects for significant growth, |