Sometimes, it's the effort that counts.
In its recently-issued new Stewardship Grade for Fidelity Investments
], 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
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