Fidelity’s income rises 54% even as active outflows persist

FIDELITY INVESTMENTS said operating income surged 54 percent in 2017. / BLOOMBERG FILE PHOTO/JB REED
FIDELITY INVESTMENTS said operating income surged 54 percent in 2017. / BLOOMBERG FILE PHOTO/JB REED
NEW YORK - Fidelity Investments said operating income surged 54 percent last year even as investors pulled money from its actively-managed stock mutual funds. The mutual fund giant earned $5.3 billion, up from $3.4 billion in 2016, according to the company’s annual report released Tuesday. But its active funds continued to suffer outflows of $47…

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