Fidelity Investments is a name familiar to many because of its brokerage platform. However, the company also manages mutual funds within the broader categories of domestic equity, international equity and fixed income. The company has active and indexed strategies, as well as target date and other asset allocation portfolios. Its Fidelity Select series offers exposure to a specific sector or a subindustry within a given sector. Some of its funds are subadvised by outside asset managers. Fidelity’s funds are available through other brokers, as well as the company’s own platform.
As a company, Fidelity has been responsive to investor concerns. It changed the mix of its target date funds after criticism that performance lagged rivals’ products. The company is also known for relatively low expense ratios, even on its actively managed funds. Several Fidelity managers invest their own money into their funds, a sign of conviction in their strategies and a way of standing side-by-side with other investors.
