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‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla

Will Danoff, manager of the $US230 billion Fidelity Contrafund, told Bloomberg that there’s a “demographic issue” for mutual funds: Gen Z is not very interested in owning them. “We need to appeal to the Gen Z-ers and the younger generation as well,” Danoff said. Danoff also lamented selling a large […]
‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla