Fidelity Institutional Liquidity Management Solutions. Resources to effectively manage your liquidity needs

Transcription

1 Fidelity Institutional Liquidity Management Solutions Resources to effectively manage your liquidity needs

2 The liquidity management environment has changed due to regulatory reform, new banking regulations, and the potential for rising interest rates. The days of one simple cash management product have been replaced by the need for customized solutions based on liquidity needs, strategic goals, and risk tolerance. The Fidelity Institutional Liquidity Management Solutions (FILMS) team can be a trusted resource to help manage your liquidity needs effectively. Not FDIC Insured May Lose Value No Bank Guarantee

3 Original Insight Educational resources to navigate the liquidity landscape Fidelity has been at the forefront of the financial services industry for over 60 years, with over 40 years of experience providing liquidity management solutions. This extensive experience enables us to provide valuable insight to our clients. Our money market commentaries and educational white papers provide clients with the help needed to understand the practical implications of factors that can impact the liquidity management landscape. Tailored Access Dedicated support from an industry leader The Fidelity Institutional Liquidity Management Solutions team is dedicated to providing institutional clients with experienced client support, operational efficiency, and valuable insight on market events and the changes brought about by money market regulatory reform. Throughout the money market fund reform debate, Fidelity was highly engaged with regulators, policy-makers, and business leaders, advocating on behalf of our fund shareholders as the discussion developed. Fidelity ultimately shares the same goal as regulators and policy-makers: to ensure the strength and stability of money market mutual funds and our financial system while preserving the benefits that these funds provide investors, issuers, and our economy. 1

4 Diverse Investment Capabilities Multidimensional investment approach Fidelity places extraordinary emphasis on credit quality. Our large team of highly experienced credit analysts conducts fundamental research, working closely with our global bond and equity teams to produce proprietary ratings and investment guidelines. Our global research team currently includes an experienced group of analysts and research associates in our growing London office and in other overseas locations. Intensive Stress-Testing A Long-Time Fidelity Approach We continually conduct multifactor risk analysis in an effort to reassess risk factors. Stress-testing has always been a key component of Fidelity s investment process. 2

5 Components of Our Investment Process A shared team responsibility with a lead portfolio manager making the final investment decision PORTFOLIO MANAGEMENT Portfolio strategy and construction Risk management Investment decision-making responsibility QUANTITATIVE RESEARCH Portfolio Construction Team-oriented decision-making CREDIT RESEARCH Understanding and measurement of risk exposure Proprietary modeling Valuation of securities and embedded demand features Fundamental analysis and relative valuation Independent research Integrated analysis across equity, bond, and international research teams SPECIALIZED TRADING Dedicated traders specialized by sector Market surveillance and trade execution Tactical perspective on portfolio construction 3

6 Fidelity can help you meet your liquidity management objectives Fidelity s credit research process focuses on identifying high-quality securities that can deliver the optimal balance of safety, liquidity, and competitive return for investors. Our commitment to fundamental credit analysis has enabled us to develop a diverse lineup of liquidity management products and customized solutions for your targeted liquidity goals. This lineup includes a range of options designed to complement your cash segmentation strategy and help you meet your operating, short-term, and long-term strategic liquidity needs. Operating Short-Term Strategic Long-Term Strategic Fidelity liquidity management solutions Institutional money market funds Short-duration fixed income Customized solutions 4

7 Of Fidelity s $2.3 trillion in managed assets, nearly half are in fixed income, and more than $570 billion are in money market funds.^ Our dedicated global team consists of nearly 200 analysts, traders, research associates, and portfolio managers working in Fidelity locations around the world. For more information on how Fidelity can help you meet your liquidity management objectives, please contact your FILMS representative. Or visit us online at liquidity.fidelity.com.

8 liquidity.fidelity.com Intermediary Clients Corporate and Not-for-Profit Clients Public Sector Clients For institutional investor use only. ^ FMR LLC, as of 12/31/17. Not NCUA or NCUSIF insured. May lose value. No credit union guarantee. Current and future portfolio holdings are subject to risk. Third-party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliated company. You could lose money by investing in a money market fund. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Before investing, always read a money market fund s prospectus for policies specific to that fund. Before investing, consider the funds investment objectives, risks, charges, and expenses. Contact Fidelity or, if applicable, your investment professional for a prospectus or, if available, a summary prospectus containing this information. Read it carefully FIDELITY INVESTMENTS INSTITUTIONAL SERVICES COMPANY, INC., 500 SALEM STREET, SMITHFIELD, RI FIAM-BD 0218