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Fidelity Investments reports 23% retail investor surge
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fnlondon.comFidelity Investments said clients’ assets jumped to $11.1tn in the third quarter, buoyed by the continuing surge of new accounts from individual investors.
Assets under administration, or what customers held in brokerage and retirement accounts on Fidelity platforms as well the company’s own funds, rose 26% from the same period a year ago, the company said on 8 November. Fidelity’s assets under management climbed 22% to $4.2tn.
Fidelity...
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