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Tuesday, January 13, 2004

Assets Up at Fidelity

by: Sean Hanna, Editor in Chief

Last year was a better than average one for Fidelity Investments. The Boston Behemoth released figures Monday that showed its assets under management climbed 28 percent in 2003 to end the year at $988 billion from $774 billion at the start of the year.

The growth in assets outpaced the 26 percent gain in the Standard & Poor’s 500 stock index.

Although Fidelity saw net inflows from investors during the year, the majority of the increase was the result of asset appreciation.  

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