Fidelity announced that Mark Snyderman, lead manager of Fidelity Real Estate Income FRIFX since the fund's 2003 inception, will retire as of June 30, 2021. Bill Maclay, who has worked with Snyderman for two decades and was named comanager of the fund two years ago, will be the sole listed manager after Snyderman retires. We're putting the fund Under Review until we can fully evaluate the change.
Will FRINX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FRINX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FRINX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FRINX’s parent organization’s priorities and whether they’re in line with investors’ interests.