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Fidelity Advisor Asset Manager 70% Fund Class M

FTASX · NASDAQ

Market closed$33.04$-0.210000 (-0.63%)

Key statistics

Previous close$33.25
Open$33.04
Day high$33.04
Day low$33.04
52-week high$33.59
52-week low$29.11
Market cap8.83B
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026Fidelity Advisor Asset Manager 70% Fund Class M closed essentially unchanged, holding near its 52-week high as the broader asset management sector benefited from a wave of blowout Q2 earnings. BlackRock topped estimates with record iShares inflows surpassing $6 trillion in AUM, while Goldman Sachs, Morgan Stanley, JPMorgan, and BNY all posted strong results driven by a dealmaking boom, record trading revenues, and the landmark SpaceX IPO. The XLF financial sector ETF finished the session near its own 52-week high, reflecting broad tailwinds for asset managers amid a soft CPI print and resilient equity markets.
July 14, 2026The Fidelity Advisor Asset Manager 70% Fund edged slightly lower as the broader financial services sector navigated a complex macro backdrop on July 14. A cooler-than-expected June CPI report provided initial relief, lifting equities off Monday's lows, but Iran-related geopolitical tensions—including a reinstated U.S. blockade on Iranian shipping and a surge in oil prices—kept risk sentiment cautious. Meanwhile, record Q2 earnings from JPMorgan and Goldman Sachs highlighted robust investment banking and trading activity, while Morningstar flagged financial stocks as the second-worst-performing sector over the past year amid AI disruption concerns and cracks in private credit.

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July 9, 2026Fidelity Advisor Asset Manager 70% Fund Class M edged higher, closing near its 52-week high as the financial sector navigated a turbulent macro backdrop. The fund, which allocates roughly 70% to equities across asset classes, benefited from resilient U.S. equity markets even as geopolitical tensions from renewed U.S.-Iran strikes and surging oil prices rattled investor sentiment. With Q2 bank earnings set to kick off July 14—led by JPMorgan, Citi, and Wells Fargo—UBS and Zacks project Finance sector earnings growth of ~12–13% year-over-year, providing a constructive backdrop for diversified asset allocation funds approaching the earnings season.

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July 8, 2026The Fidelity Advisor Asset Manager 70% Fund (FTASX) closed modestly lower, pressured by a broad risk-off selloff after President Trump declared the U.S.-Iran interim peace agreement 'over,' triggering a surge in oil prices of over 5% and sending equities broadly lower. The fund's balanced 70% equity exposure left it vulnerable to the day's losses as the S&P 500 retreated and the Financial Select Sector ETF (XLF) fell sharply on the session, with Goldman Sachs also warning that the AI-fueled earnings surprise cycle may be fading despite a 22% growth forecast.

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July 6, 2026The Fidelity Advisor Asset Manager 70% Fund Class M closed modestly higher, supported by a broad rally in U.S. equities as semiconductor stocks rebounded and the S&P 500 pushed further into record territory. As a diversified multi-asset fund with significant equity exposure, FTASX benefited from improving risk sentiment, with Wall Street advancing on the back of chip sector recovery and easing oil prices. Investors are closely watching this week's Federal Reserve meeting minutes and the kickoff of Q2 earnings season—with S&P 500 companies projected to deliver over 24% year-on-year earnings growth—as key catalysts for whether the financial services sector, including asset managers near 52-week highs, can sustain recent momentum.

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July 2, 2026Fidelity Advisor Asset Manager 70% Fund Class M closed modestly lower, pressured by a broader equity pullback as markets started July on a cautious note. Chip stocks led declines amid reports that Meta is building a cloud business to monetize excess AI computing capacity, raising concerns about reduced urgency for new chip purchases and weighing on risk sentiment. Meanwhile, investors are closely watching the June nonfarm payrolls report, with softer private payroll data this week prompting markets to price out a Fed rate hike in July—providing some relief for asset managers, even as the finance sector (XLF) held relatively steady in after-hours trade.

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June 30, 2026Fidelity Advisor Asset Manager 70% Fund Class M (FTASX) rose on the final trading day of the first half of 2026, finishing near its 52-week high, as broad market tailwinds lifted the balanced fund. The S&P 500 closed out its best quarterly performance in years, aided by a fragile US-Iran ceasefire, recovering tech stocks, and sustained AI optimism — all favorable backdrops for a multi-asset fund with significant equity exposure. The XLF financial sector ETF, however, edged lower in after-hours trading following Oppenheimer downgrades of major investment banks, a mixed signal for the fund's financial holdings.

1.4515

Peers

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