After a year in which its actively managed mutual funds saw big outflows, Fidelity Investments has increased the availability of institutional share classes and is adding new index funds.
It's been a tough year for the Boston-based financial services company. Morningstar reported that while Fidelity saw $16.6 billion of funds flow into its passively managed mutual funds for the year ending April 16, it saw almost $28.5 billion flow out of its actively managed mutual funds. The company managed $211 billion in passively managed funds, and $975 billion in actively managed funds.
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