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Rating:Fido Says its Bond Fund Assets are Up Nearly 17 Percent in the First Half Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 26, 2009

Fido Says its Bond Fund Assets are Up Nearly 17 Percent in the First Half

by: Adam Kommel

Fidelity's bond fund assets are up nearly 17 percent in the first half of the year, company officials said Wednesday. Fidelity made the revelation as part of an announcement on the launch of a fixed-income guidance program for investors. The program will involve a new online resource center and free seminars to educate clients on fixed-income products.

The press release did not state how much assets are in Fidelity's bond funds.

"As market volatility has settled down, and rates for Treasuries and CDs have continued to fall, we've seen our customers show an increased interest in individual bonds and bond funds for the potential higher returns and the diversification benefits these products can bring to their portfolios," said Richard Carter, vice president in Fidelity's retail brokerage business, in the release.  

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