Fidelity Asset Manager 20% (FASIX)
Fidelity Asset Manager 20% operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $14.82, down 0.27% on the session, giving a market capitalisation of $6.36B. Its beta of 0.55 implies it has historically moved less than the broad market.
The fund's main goal is to generate significant current income, with capital growth being a secondary consideration. It strategically allocates its investments among three primary asset categories. The equity portion consists of various types of stocks and funds that invest in them. The fixed-income portion includes diverse debt securities maturing in over one year, specifically incorporating lower-rated (often called high-yield or junk) bonds, and funds focused on these instruments. Lastly, the short-term and money market portion comprises fixed-income holdings with maturities of one year or less, along with funds specializing in such short-duration assets.
Fidelity Asset Manager 20% is most often compared with the following Financial Services names: