By Feux Follets
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follow Feux Follets 2018 Mar 5, 10:53am
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And yet client money has continued to flow out of the firm’s Freedom Funds as retirement plan sponsors shift workers’ savings to rivals in the target-date fund business. While deposits in the trillion-dollar sector have surged, Fidelity has seen nearly $16 billion in net withdrawals over the past four years, according to research firm Morningstar Inc
“These funds with high concentrations in stocks are a time bomb,” Surz said.
I wonder how Fidelity will respond.
BayArea saysI wonder how Fidelity will respond.I think the article was a hit piece.
zzyzzx saysFuck Fidelity!!!Careful there, they are holding a chunk of my money.