September 19, 2012
Joseph Euteneuer
Stories this photo appears in:
Fidelity funds in 45% restructuring boost
RoyalFidelity Merchant Bank & Trust yesterday said the “major move” it made in restructuring its mutual fund family appeared to have reaped rewards, with assets under management up by as much as 45 per cent since 2012 year-end.
'Mergers' boost Fidelity funds' assets by $8m
RoyalFidelity Merchant Bank & Trust yesterday said it had used ‘mergers’ to increase the asset bases of its two oldest mutual funds by $8 million apiece, adding that a net $1 million subscriptions inflow into its equities fund indicated renewed demand for listed stocks.
$10 million Fidelity Flagship fund sees redemptions 'slow down considerably'
RoyalFidelity’s flagship $10 million mutual fund has seen redemption requests “slow down considerably” in recent months, a senior executive yesterday telling Tribune Business there were numerous ongoing projects that would see “the rubber hit the road” on equities market recovery.
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