Markets

‘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
Markets

ETFs and mutual funds can instantly diversify your portfolio, but they differ in how they’re traded, managed and taxed. Here’s what you should know.

ETFs (exchange-traded funds) and mutual funds offer cost-efficient ways to diversify, but they differ in how they’re taxed, traded, and managed. ETFs are typically passively managed and trade like stocks, with lower fees and minimums than mutual funds. Mutual funds are professionally managed investment portfolios that trade once a day […]
ETFs and mutual funds can instantly diversify your portfolio, but they differ in how they’re traded, managed and taxed. Here’s what you should know.