] is paying attention to investors' appetite for indexing, despite it historically being a bastion for active portfolio management, The Wall Street Journal's
Tom Lauricella writes.
After seeing investors pull money out of active stock funds and heading to index funds, Fidelity has stepped up to the indexing plate by expanding its relationship with BlackRock, Lauricella notes.
Lauricella spoke with Jacques Perold, president and COO, who joined Fidelity in 1986, about passive and active management. Perold was quoted as saying this about the index vs. passive fund narrative that is popular in the media, "We do not have a religion on this one. It is not one or the other. These things go through cycles. We do believe there are times when active will make a meaningful impact on clients' portfolios, and we are beginning to see that change [in terms of more active funds beating their benchmarks recently]."
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