Fidelity Asset Manager 40% (FFANX)
Fidelity Asset Manager 40% operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $15.02, down 0.60% on the session, giving a market capitalisation of $2.87B. Its beta of 0.79 implies it has historically moved less than the broad market.
The fund strategically distributes its investments among three primary asset types. These consist of stocks, covering various equity securities and funds that invest in them. Another segment is dedicated to longer-term fixed-income holdings, defined as debt instruments maturing in over one year, which may involve lower-rated "junk" or high-yield bonds, and related bond funds. The final component comprises short-term and money market instruments, specifically fixed-income securities and associated funds with maturities of one year or less.
Fidelity Asset Manager 40% is most often compared with the following Financial Services names: