^
+ Follow FIDELITY MANAGEMENT AND RESEARCH CO Tag
FIDELITY MANAGEMENT AND RESEARCH CO
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 367118
                    [Title] => Global mutual fund takes 5% stake in Semirara Mining
                    [Summary] => 

The world’s largest mutual fund group, Boston, Massachusetts-based Fidelity Management and Research Co. (FMR), has acquired a 5.03 percent stake in the Philippines’ biggest coal producer, Semirara Mining Corp.


FMR, with $1.2 trillion in assets under management in more than 300 mutual funds, has amassed a total of 14,935,500 shares of Semirara in the open market, according to a regulatory disclosure filed with the Philippine Stock Exchange (PSE).

A senior member of Congress promptly welcomed FMR’s investment in one of Asia’s largest coal miners. [DatePublished] => 2006-11-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 314585 [Title] => PLDT investments sign of global confidence in RP [Summary] => The unprecedented avalanche of foreign investments in telecommunications giant Philippine Long Distance Telephone Co. (PLDT) indicates the confidence of global investors in the Philippine economy despite the country’s political problems, a lawmaker said yesterday.

"The massive foreign buying of shares in PLDT is definitely most welcome. After all, it has been said that the telecommunications company serves as a proxy for the Philippine economy," Cebu City Rep. Eduardo Gullas said.
[DatePublished] => 2006-01-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096652 [AuthorName] => Delon Porcalla [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) ) )
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