The only bonds offered by foreign issuers that Fidelity's brokerage arm will sell you are Yankee bonds--dollar-denominated debt of foreign issuers, which will give you the feel of diversity but little else.

FORBES: The Global Test

Yes, bonds are still valuable ballast for every long-term portfolio, but in terms of looking for where the best incremental returns are likely to be going forward, Fidelity is clearly on the record: Stocks, not bonds.

FORBES: Connect

The biggest reported seller of shares in June was the Fidelity Puritan fund, a "balanced fund" that invests in both stocks and bonds.

WSJ: The Facebook Flip: Funds Exit Early