​ Fidelity Investments released its "​Shareholder Update 2006" citing "​significant flows into our money market funds" as a major factor in the company'​s record asset totals. Chairman Edward C. Johnson 3d said, "​Our money funds continued to beat more than 80% of their peers and led the way in asset gathering in 2006, pulling in nearly 94% of our complexwide $​50.​9 billion in managed net flows." Strategic Insight shows Fidelity gaining $​45.​1 billion in net new flows in 2006, almost as much as Vanguard'​s $​26.​4 billion and Schwab'​s $​19.​3 billion (​Nos. 2 and 3) combined.

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