Fidelity Asset Manager 70% Fund
FASGX
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
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Dec 30, 1991
- CIK
- 0000354046
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Asset Manager 70% Fund (FASGX) is an actively managed mutual fund offered by Fidelity Investments that seeks high total return through a portfolio allocated approximately 70% to equities and 30% to fixed income and short-term instruments. The fund invests in a diversified mix of domestic and foreign securities, including common stocks, bonds, convertible securities, money market instruments, and cash equivalents; it employs a flexible asset allocation strategy across market sectors, geographies, and investment styles to optimize risk-adjusted returns. Fidelity Investments, the fund's manager and sponsor, operates globally from its headquarters in Boston, Massachusetts, where it was founded in 1946, serving retail and institutional investors through a broad range of investment products including mutual funds, ETFs, retirement services, brokerage, and wealth management solutions. The fund's core offerings emphasize balanced growth with moderate risk, targeting long-term investors via automatic rebalancing between equity (primarily large-cap U.S. stocks with some mid- and small-cap exposure, plus international equities) and fixed-income components (investment-grade bonds, high-yield debt, and emerging market securities); it also incorporates alternative investments and derivatives for hedging and efficiency. Geographically, FASGX maintains significant exposure to U.S. markets alongside international developed and emerging regions, with no strict country limitations beyond regulatory constraints. In recent developments, Fidelity Investments has expanded its asset management capabilities through strategic enhancements in sustainable investing integrations across funds like FASGX and launched new target-date series with improved glide paths in 2024; the firm also completed acquisitions bolstering its digital platform and robo-advisory services, while navigating interest rate shifts by adjusting duration strategies in fixed-income allocations during 2024-2025. These changes reflect Fidelity's ongoing commitment to adaptive portfolio management amid evolving market dynamics, including heightened focus on AI-driven analytics and ESG factors in asset allocation.