Fidelity widens its lead in cash business by adding $50B

FIDEILITY'S MONEY-MARKET assets grew to $629 billion as of Oct. 31. / BLOOMBERG NEWS FILE PHOTO/ JB REED
FIDEILITY'S MONEY-MARKET assets grew to $629 billion as of Oct. 31. / BLOOMBERG NEWS FILE PHOTO/ JB REED
NEW YORK - Fidelity Investments is dominating a business that is thriving even as stocks and bonds struggle. Fidelity’s money-market assets grew to $629 billion as of Oct. 31 - nearly twice as much as its closest rival, Vanguard Group, according to Crane Data LLC. The Boston-based fund company has added more than $50 billion this…

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