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Rating:M* Gives Fido One B, and One C Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 31, 2013

M* Gives Fido One B, and One C

News summary by MFWire's editors

Sometimes, it's the effort that counts.

In its recently-issued new Stewardship Grade for Fidelity Investments [profile], Morningstar gave the Boston Behemoth a B overall, but only a C for corporate culture.

Senior fund analyst on the active funds research team Katie Rushkewicz Reichart had this to write on Fido:

Fidelity's impressive size has worked for and against it. As one of the fund industry's biggest companies with roughly $1.5 trillion in assets under management as of mid-2013, the privately held firm has never had a problem pouring resources into areas that benefit the end investor. The scale of its research, compliance, and trading operations are hard to match. However, its size hasn't translated into industry-leading offerings across the board.  

Among the subjects discussed by Reichart were Fido's recent efforts in ETFs and target-date funds.

Read more in Morningstar

Edited by: Tommy Fernandez


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