Fidelity Investments posted a 6.3% increase in assets under management for 2010 and a 17% rise in operating profits, Pensions & Investments reports. The firm saw net outflows of $49.4 billion in the year. Money market products witnessed net outflows of $49.7 billion, while Pyramis Global Advisors, Fidelity’s institutional investment unit, saw net outflows of $3.2 billion for 2010. Fidelity’s asset allocation business, which includes its target-date fund offerings, posted net inflows of $27 billion for the year.

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