Fidelity Advisor Asset Manager 70% Class A
FAASX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston, MA 02109 Boston MA United States of America 02210
- IPO Date
- Oct 1, 2008
- CIK
- 0000354046
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Asset Manager 70% Fund (FAASX) is a diversified mutual fund offered by Fidelity Investments that seeks high total return through a combination of current income and capital appreciation by investing approximately 70% of its assets in stocks and 30% in fixed-income securities and short-term instruments. The fund employs a flexible asset allocation strategy across domestic and foreign equity securities, investment-grade and high-yield debt obligations, money market instruments, and cash equivalents; it also utilizes derivatives such as futures, options, and swaps for hedging and efficient portfolio management. Fidelity Asset Manager 70% Fund operates globally, with investments spanning U.S., emerging, and developed international markets, targeting long-term investors seeking balanced growth with moderate risk. Established as part of Fidelity's Asset Manager series launched in the 1990s, the fund is managed from Fidelity's headquarters in Boston, Massachusetts, under the umbrella of FMR LLC, with no major subsidiaries specific to FAASX but integrated within Fidelity's broader institutional and retail fund platforms. In recent developments, Fidelity Investments has continued to enhance its asset allocation capabilities amid market volatility in 2024-2025, including adjustments to portfolio weightings in response to interest rate shifts and equity rallies; the firm announced strategic expansions in sustainable investing options across its funds and a technology-driven overhaul of fund administration platforms to improve operational efficiency for institutional clients. No significant name changes, acquisitions, or reorganizations directly impacted FAASX in the last 1-2 years, though Fidelity pursued partnerships with fintech providers to bolster ESG integration and launched minor tactical allocation updates to navigate U.S. economic policies under the current administration.