Fidelity brokerage assets rises to $1.92 trillion

Fidelity Investments of Boston, the world's biggest mutual fund firm, said today that 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. (Reuters)