Where Fidelity Is on the Move
JAPAN
It is taking advantage of deregulation and the weakened condition of many banks to sell mutual funds and move into pension management. Also advertising aggressively and moving into Web marketing of funds.
TAIWAN
A top priority because of a wealthy, aging population with few retirement safety nets. Assets under management have more than tripled, to $1.3 billion, as of Apr. 30.
AUSTRALIA
After pulling out in 1993, it returned to do institutional asset management three years later. It's now about to launch a joint marketing program with an unidentified local partner aimed at retail investors.
BRITAIN
Already the nation's fourth-largest retail money manager, it's now challenging big local players in pension management and developing defined contribution retirement plans it hopes to sell in other countries.
CONTINENTAL EUROPE
Targeting Germany through direct sales and other channels. Also pushing into France, Scandinavia, and Spain.
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