According to online reports, the assets of the funds of Fidelity Investment, the world's third-largest asset manager, have increased by US$1 trillion in the past year, and revenue has jumped to record highs. Boston-based Fidelity said in its annual report on Tuesday that the size of assets managed by its own investment funds and managed accounts will increase to $5.9 trillion in 2024 from $4.9 trillion the previous year. Revenue rose 16% to a record $32.7 billion, and operating expenses rose 14%.