In the Margins

How do unicorns affect funds?

July 17, 2017

By Reuters

Fidelity's bets on unicorn companies put a dent in the stellar performance of some of the company's most popular mutual funds during the first half of 2017. The Boston company has stepped up disclosure of how pre-IPO companies affect mutual fund performance. This week, for example, Boston-based Fidelity Investments showed how content-sharing company Pinterest Inc. had an outsize impact on the portfolio performance of its most popular stock fund. Read the original story from Reuters

 

 

Most Read

Top of the Agenda - Compensation
IDC: Directors see modest pay increase in 2021

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board ...

Top of the Agenda - Regulatory
SEC to advisers: Turn over 15(c) documents, info

The Securities and Exchange Commission has begun requesting documentation and information from mutual fund advisers about their funds' 15(c) processes and fees. The Division of Enforcement ...