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Fidelity Investments and Russell Investments are set to release their first annual stock picks for the year, and the latest numbers show they’re not just chasing the unicorns of the blockchain industry.
Both companies, which have historically been more focused on traditional investment, are in a race to get their companies into the next wave of technology companies.
According to a research report published Thursday, the two companies have invested more than $4 billion in companies that use blockchain technology to make transactions.
Fidelity has invested nearly $1.3 billion, while Russell is still building its own blockchain-based platform, the company said in a statement.
FTSE 100 stocks that have launched since the beginning of the year: Fidelity (FTSE:F) – $19.4 billion Fidelity is the biggest of the big four mutual funds, with nearly $16 billion in assets under management, according to Fidelity.
The funds have been a pioneer in their field of blockchain investing, investing in companies like BlockPay, which offers an online payment platform for banks and other financial institutions.
Firms like Bitcoin.com and Bitcoin Gold have made waves this year, while startups like the new crypto-currency company Chain have become major players in the industry.
FTC filings show that Fidelity plans to launch its own exchange-traded fund on Aug. 2, while Fidelity’s is set to launch on Sept. 30.
It’s also been the biggest recipient of Fidelity funds this year with more than 2.5 billion shares under management.
Russell plans to open a blockchain-focused ETF in 2020.
FMI’s investments in 2018: Russell (RUS) – 2.7 billion FMI is a smaller firm than Fidelity, which also holds about 2.4 trillion shares of Russell.
The fund is focused on emerging markets, while the Russells have been bullish on Asia, Europe and emerging markets.
FMA’s investments this year: S&P 500 Index ETF – $9.9 billion The index fund has been a top target of investors looking for a return of at least 10% annually, but that is not guaranteed for FMI, according an investor filing.
The Russells are not only taking bets on emerging market stocks, they also have a portfolio of stocks that could be a major winner in the coming years.
FMS Capital Fund – $1 billion FMS, which is owned by Fidelity and Russell, is looking to expand its investment in blockchain-backed companies, according the Fidelity filing.
FMR Corp. – $250 million The Fidelity fund owns about $200 million in FMR, and FMI has about $350 million in the fund.
The companies have been in a competition for years over whether blockchain companies can develop and market their own products.
Fmr announced in June that it would open its own crypto-payment platform for financial institutions, but FMI will now hold the exclusive rights to use Fmr’s technology.
Fmrs chief executive officer said the Fmr technology is already being used by companies like Airbnb, the social platform, and a number of others.
FMs investment in Fidelity: Fmms $2.5 million Fidelity said that it has invested more money in Fmres funds than it has in any other Fidelity mutual fund.
Fmt’s fund is also a major beneficiary of FMR funds.
Fmx’s holdings in Fms include $300 million in Russell funds, and it also owns more than 100 million shares of Fmr.
Fx also has a portfolio focused on the tech and is also working with companies like BitGo and Bitcoin.
FRS Capital Fund $4.7 million FRS has a large fund focused on technology, but it also has $3.7 to $4 million in investments from Fmr and Fmr funds, according a fund filing.
Its fund is primarily focused on tech companies that are developing blockchain technology.
“Our investments in FRS are focused on providing investors with value in tech and the blockchain space,” Fres said in the filing.
In the meantime, Fres is hoping that the blockchain-centered Fmr fund will be able to help its fund outperform Fmr’s investments.
Fres also is focusing on Fmr companies that have a presence in Asia.
Frs fund is expected to launch in 2020, but its goal is to launch a separate crypto-asset fund to provide exposure to a handful of tech-focused companies.
Freem’s portfolio has also been heavily invested in companies focused on AI and machine learning.
Fret’s fund invested $2 billion in Fmr last year.
Frms investment in Russell: Russells $5.2 billion FRS is investing in Fres, which it calls the “most efficient asset allocation platform.”
Russells is a big player in technology, and its investments in fintech companies and tech companies are helping it gain a foothold