Since the company was founded, the hallmark of our money management style has been a commitment to fundamental in-depth research. We apply this principle to all our asset management disciplines.
Our reputation and presence in the marketplace gives us excellent access to the senior management of companies we research. As a result, Fidelity's portfolio managers can rely on our own independent analysis when building their funds.
To make stock selection as effective as possible our fund managers have access to one of the largest in-house research networks in the industry. Fidelity (FIL) employs over 330* investment professionals in 11 countries around the world. In addition, we have access to the analysis of FMR LLC., our US affiliate, and as a result we can draw on research produced by a total of more than 900** investment professionals.
While our investment professionals work as a team, it is portfolio managers who are ultimately responsible for picking stocks. Fidelity has always maintained that portfolios are managed much more successfully when investment decisions are based on individual responsibility and accountability rather than being made by a committee.
We believe the merits of this approach are clearly demonstrated by the track records of our funds investing in a broad range of asset classes around the globe.
* Source: Assets and resources are those of FIL Ltd as at 30.09.09. Data is unaudited.
** These figures reflect the combined resources of FIL Ltd, and its subsidiaries, and FMR LLC and its subsidiaries as at 30.09.09.
© FIL Limited 2010