Fidelity Puritan Fund Q4 2024 Review

(16min)

Summary

  • Fidelity Puritan Fund seeks income and capital growth consistent with reasonable risk, and has a neutral allocation of 60% equities and 40% bonds.
  • The fundamental outlook and relative valuation of asset classes will generally be the main drivers of any deviation from the 60/40 neutral allocation.
  • U.S. stocks gained 2.41% in the fourth quarter, according to the S&P 500 index, as the U.S. economy remained sturdy, investors began to anticipate possible policy changes after the November elections, and the potential for artificial intelligence to drive transformative change continued apace.

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Investment Approach

  • Fidelity® Puritan® Fund seeks income and capital growth consistent with reasonable risk, and has a neutral allocation of 60% equities and 40% bonds.
  • The fundamental outlook and relative valuation of asset classes will generally be the

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Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses it serves. With assets under administration of $12.6 trillion, including discretionary assets of $4.9 trillion as of December 31, 2023, Fidelity focuses on meeting the unique needs of a broad and growing customer base. Privately held for 77 years, Fidelity employs more than 74,000 associates with its headquarters in Boston and a global presence spanning nine countries across North America, Europe, Asia and Australia. Note: This account is not managed or monitored by Fidelity, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Fidelity's official channels.

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