A Golden Finance report stated that the assets under management of funds owned by Fidelity Investments, the world's third-largest asset management company, increased by $1 trillion in the past year, with revenue soaring to a record high. Fidelity, headquartered in Boston, stated in its annual report on Tuesday that the assets under management of its proprietary investment funds and the accounts managed by increased from $4.9 trillion in the previous year to $5.9 trillion in 2024. Revenue rose by 16% to a record $32.7 billion, while operating expenses increased by 14%.
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A Golden Finance report stated that the assets under management of funds owned by Fidelity Investments, the world's third-largest asset management company, increased by $1 trillion in the past year, with revenue soaring to a record high. Fidelity, headquartered in Boston, stated in its annual report on Tuesday that the assets under management of its proprietary investment funds and the accounts managed by increased from $4.9 trillion in the previous year to $5.9 trillion in 2024. Revenue rose by 16% to a record $32.7 billion, while operating expenses increased by 14%.