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Fidelity Increases Stocks in Target-Date Retirement Funds

Fidelity Investments, the largest provider of 401(k) plans, is putting more stocks into its target-date retirement funds in anticipation that returns for bonds will weaken after a historic bull market.

Fidelity is increasing the allocation to equities by as much as 15 percentage points for investors under age 67 and shrinking the amount of fixed-income holdings for retirees, the Boston-based firm said today in a statement. With the change, Fidelity’s asset allocations will be more like those of its primary competitors in target-date funds.