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FIDELITY INVESTMENTS MONTHLY SURVEY OF INDIVIDUAL U.S. INVESTORS; INVESTOR SENTIMENT IMPROVES IN FEBRUARY

 FIDELITY INVESTMENTS MONTHLY SURVEY OF INDIVIDUAL
 U.S. INVESTORS; INVESTOR SENTIMENT IMPROVES IN FEBRUARY
 BOSTON, Feb. 27 /PRNewswire/ -- U.S. investor sentiment continued to stabilize in February. While some indicators have shown sentiment declining recently, the Fidelity investor sentiment index improved slightly to 69.3 from 67.4 in January. Investors also sustained their interest in stocks in February.
 According to the survey of U.S. investors conducted for Fidelity Investments by the University of Michigan Survey Research Center, net purchase intentions for stock funds in February remained strong at 28, down from 36 in January.
 According to Michael Hines, senior vice president at Fidelity, "This number isn't surprising. It corresponds with a cautious accumulation in equity assets that we've seen here at Fidelity Investments in recent months, especially in retirement accounts." Fidelity saw a surge in new IRA accounts in January, with investors directing 78 percent of new IRA deposits to stock mutual funds.
 Other survey findings: The number of investors expecting interest rates to go down increased significantly in February. Survey results also showed investors are feeling better about the prospects for buying a house; the index was at its highest level since the survey began two years ago.
 -0- 2/27/92
 /CONTACT: Judy Barnett of Fidelity Investments, 305-446-2148/ CO: Fidelity Investments ST: Massachusetts, Florida IN: FIN SU:


EG-PB -- NE011 -- 3512 02/27/92 17:57 EST
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Publication:PR Newswire
Date:Feb 27, 1992
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