If Fidelity decides to put its equity-fund managers in Timbuktu and they continue to deliver, the CEO of GE or whoever will continue to beat a path to Fidelity's door to make sure their story gets told. |
It's pretty clear that there are likely to be capacity problems as one gets north of $50 billion in assets. |
Seeing $6.8 billion go out the door not only means their best revenue stream has been diminished, it also means they're losing market share to the competition. |
She certainly did a bang-up job on that fund, that's for sure. |
That number is very important for Fidelity because eventually it will reach the eyes and ears of investors who will see that Fidelity is putting up strong numbers. |
The problem for Fidelity has been that this has been the golden goose. |
Their better angels got on their shoulder and whispered in their ears. |
Their largest and most prominent funds have not been attractive to investors, so the assets have not flowed their way. |