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

 

 

FPA Advertisment

Most Read

Top of the Agenda - Governance
Fund boards find diversity efforts pay off

Building and maintaining a diverse membership has become a top priority for many mutual fund boards in recent years, and new data shows this focus is ...