Fidelity brokerage assets rises to $1.92 trillion

BOSTON, July 22 | Tue Jul 22, 2008 11:15am EDT

BOSTON, July 22 (Reuters) - Fidelity Investments, the world's biggest mutual fund firm, said on Tuesday total client assets at its brokerage business rose to $1.92 trillion in the second quarter of 2008, up 2 percent from the same quarter of last year.

Fidelity said in a statement the growth was attributable to net new client assets. The firm said it added $23.5 billion in net new client assets under administration in the brokerage business during the quarter. (Reporting by Muralikumar Anantharaman; editing by Jeffrey Benkoe)

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