Fidelity Investments is the second most important asset class you should consider investing in, according to a new report.
Read moreThe report from Fidelity’s Wealth Management & Research Group, released in December, also revealed that a $100,000 home in Melbourne could have a higher return than a $500,000 property in Perth.
The report also showed that investing in a “fidelity” asset class was a better choice than the “investment” in an “investing” asset group.
The study also revealed the “fiduciary” and “investor” categories have very different objectives.
“Fidelity Investments’ goal is to maximize returns for the investor and maximize the returns for each of the asset classes,” the report states.
“Investors are primarily interested in maximizing returns for a specific asset class, with no intention of diversifying across asset classes.
Investors typically invest in the ‘Fidelity Fund’ portfolio, with their portfolios representing the investment of their lifetime, and are typically in a position to benefit from the most recent gains.”
Read the full report here