Tag: fund management
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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
Drew Angerer/Getty Images May Danoff, director of the $230 billion Fidelity Contrafund, told Bloomberg that there is a”demographic issue” for mutual funds: Gen Z isn’t so interested in possessing them. “We need to appeal to the Gen Z-ers and the younger generation as well,” Danoff said.Danoff also lamented promoting a huge portion of the fund’s…