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Fidelity Widens Its Lead In Cash Business By Adding $50 Billion

TedTed
in The Bullpen
FYI: Fidelity Investments is dominating a business that is thriving even as stocks and bonds struggle.

Fidelity’s money-market assets grew to $629 billion as of Oct. 31 -- nearly twice as much as its closest rival, Vanguard Group, according to Crane Data LLC. The Boston-based fund company has added more than $50 billion this year, mostly from inflows.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-12-10/fidelity-widens-its-lead-in-cash-business-by-adding-50-billion?srnd=premium
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