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Monday, April 30, 2007

Fidelity Leaps to China

by: Erin Kello

Fidelity is pioneering the new back-office outsourcing frontier in China. The Financial Times reports that Fidelity is hoping to use the northeastern port city of Dalian to service its mutual funds and pension business in Japan, where it ranks among the biggest foreign money managers. Where Fidelity goes, others fund firms seem to follow so don't be surprised if this strategy becomes commonplace. 

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