Latest news with #FidelityInvestments
Globe and Mail
a day ago
- Business
- Globe and Mail
Fidelity Investments Canada ULC Announces Cash Distributions for Certain Fidelity ETFs and ETF Series of Fidelity Mutual Funds
TORONTO, July 22, 2025 /CNW/ - Fidelity Investments Canada ULC today announced the July 2025 cash distributions for the Fidelity ETFs (" Fidelity ETFs") and ETF Series of Fidelity mutual funds (" Fidelity Funds") listed below.
Bloomberg
7 days ago
- Business
- Bloomberg
Fidelity Pulls in More Than $700 Million for Alternatives Fund
Fidelity Investments raised a second opportunistic credit fund as the world's third-largest asset manager expands its push into alternatives. Fidelity Credit Opportunities Fund II closed at about $729 million, according to Harley Lank, the firm's head of high income and alternatives. The new vehicle will invest in both public and private credit that's considered stressed and distressed, as well as restructured debt or equity instruments, but the mix will depend on opportunities, Lank said.
CNBC
11-07-2025
- Business
- CNBC
Overall health of equity market is pretty good, says Fidelity's Jurrien Timmer
Jurrien Timmer, Fidelity Investments director of global macro, joins 'Squawk Box' to discuss where Timmer stands on where the equity market is, the bond market's standings and much more.
Yahoo
03-07-2025
- Business
- Yahoo
Offering student loan payment assistance a ‘no brainer,' benefits manager says
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. SAN DIEGO — Applied Materials' student loan repayment program for employees reaped such rewards that the company more than doubled its annual contribution after the first year, Tes Fernandez, director of U.S. benefits for the company said Monday during a panel discussion at SHRM 2025. In year one, the manufacturing company contributed $2,000 per employee in direct repayment of workers' student loans. In the years that have followed, Applied Materials now pays out $4,800 per employee and uses the benefit as both a way to support generally newer hires, recent graduates and some underrepresented groups and as a recruiting tool. 'They had to go up to the CFO and ask for extra millions of dollars to add this benefit. A year later, they more than doubled the benefit amount, not because the CFO got generous, but because they were seeing the results of the benefits,' Chris Rinko, VP and student debt and health and wellness benefits administration account executive at Fidelity Investments, said during the panel, which he moderated. When it comes to student loan debt assistance, employers have two choices, Rinko explained. They can either provide a direct payment to student loan servicers to help pay down employees' loans, or they can elect to offer matching contributions in the 401(k) plans of workers who demonstrate they are making student loan payments. The direct payment method can be targeted to only apply to certain groups — those who earn less or those in a specific job, for example — and can have a set end date, Rinko said, while matching contributions are tied to a company's overall 401(k) plan offering and can't exclude any workers. Tracey Gannon, a senior benefits manager at eBay, said it was 'kind of a no-brainer' for the e-commerce company to offer matching funds after the passage of the SECURE 2.0 Act. The law gave employers the ability to match employee contributions to certain student loan payments. 'We felt that this was just such an easy first step,' Gannon said. The company already budgets for all employees to get the full matching contribution in their retirement plans and has a 96% participation rate, Gannon said. That meant the new offering wasn't a big budget item for the company but could provide support to some employees in need. Similarly, offering a matching contribution seemed like 'an easy win' for The Walt Disney Co. and its workers, said Marianne Lynch, a senior manager of executive benefits and hypercare for the company. 'It's a huge, huge benefit to reduce that burden' of student loan debt, Lynch said. At Disney, 97% of employees already receive the full 401(k) match, but for those who don't, it's a way not to miss out on the matching funds to which they're already entitled, she added. 'The only change here is you're giving them another way to earn that match by paying their student debt,' Rinko said. At companies where most employees already receive the full matching contribution, some leaders may ask, 'Why bother?' with a student loan repayment match, Rinko said. 'The reason is, if it's just 1% or 2%, if you can find a path for that small number, for those people who are usually in the greatest need to earn the match, why not?' Rinko said.
Yahoo
03-07-2025
- Business
- Yahoo
Do You Believe in the Growth Potential of Cloudflare (NET)?
Fidelity Investments, an investment management company, recently released its 'Fidelity Growth Strategies Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fidelity Growth Strategies Fund is a diversified domestic equity strategy with a focus on mid-cap growth investments. The fund focuses on investing in high-quality companies that demonstrate consistent growth and generate positive free cash flow. The fund's Retail Class shares returned -8.03% in the first quarter, underperforming the -7.12% return of the benchmark Russell Midcap Growth Index. U.S. mid-cap growth stocks rose in January but then fell in February and March as post-election optimism was replaced by concern over executive actions, government disruptions, and rising uncertainty about trade and tariffs. In addition, you can check the fund's top 5 holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Fidelity Growth Strategies Fund highlighted stocks such as Cloudflare, Inc. (NYSE:NET). Cloudflare, Inc. (NYSE:NET) is a cloud services provider that delivers a range of services to businesses worldwide. The one-month return of Cloudflare, Inc. (NYSE:NET) was 8.61%, and its shares gained 119.61% of their value over the last 52 weeks. On July 2, 2025, Cloudflare, Inc. (NYSE:NET) stock closed at $185.64 per share with a market capitalization of $64.345 billion. Fidelity Growth Strategies Fund stated the following regarding Cloudflare, Inc. (NYSE:NET) in its Q1 2025 investor letter: "Untimely positioning in Cloudflare, Inc. (NYSE:NET) (-18%), a provider of cloud-based services to websites – including performance, reliability and security services – also hurt. The stock was added to the portfolio in January when it was on the rise, but after peaking in mid-February the shares retrenched following President Trump's announcement of a steep new tariff on foreign-sourced semiconductors. If eventually adopted, the tariff could notably increase Cloudflare's costs. Questions around the firm's liability for the content that passes through its infrastructure tools also weighed on the stock during the quarter. Despite the valuation pullback, we believe the company still has good growth potential." Cloudflare, Inc. (NYSE:NET) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held Cloudflare, Inc. (NYSE:NET) at the end of the first quarter, which was 55 in the previous quarter. Cloudflare, Inc.'s (NYSE:NET) revenue for the first quarter increased 27% year-over-year to $479.1 million. While we acknowledge the potential of Cloudflare, Inc. (NYSE:NET) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Cloudflare, Inc. (NYSE:NET) and shared the list of best software infrastructure stocks to invest in. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of NET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
