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…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display