MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, February 29, 2008 Fido Gives Shareholders Good News All the reorganizations that took place at Fidelity in 2007 look to have made a difference to the company's bottom line. The Boston Globe's Ross Kerber reports that in a letter to shareholders of Fidelity's parent company FMR, Ned Johnson attributed a 22 percent rise in pre-tax income for 2007 to improved mutual fund performance and the aforementioned reorg. The company made $2.2 billion in 2007, compared with $1.8 billion in 2006. Printed from: MFWire.com/story.asp?s=17553 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |