Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a659541

Fidelity launches trio of multi-asset funds

by Emma Dunkley on Feb 18, 2013 at 11:15

Fidelity launches trio of multi-asset funds

Fidelity has unveiled three funds within its Multi Asset Open range, run by the team headed by James Bateman.

The Fidelity Multi Open Defensive, Adventurous and World funds join the existing Strategic and Growth funds, boosting the range to five managed products.

The multi asset range has recently undergone rebranding, to position the products for greater uptake among advisers.

Ben Waterhouse, head of UK retail sales, said: ‘The changes to the multi-asset and multi-manager funds are to make them a more coherent and easy to understand range.

‘These changes reflect the ongoing transformation of the advisory market which sees a growth in demand for managed solutions. The multi-asset and multi-manager funds provide a variety of risk profiled solutions that are designed to meet differing investor requirements.'

The new Fidelity Multi Asset Open Defensive fund has a benchmark comprising 50% bonds, 25% cash, 15% equities, 5% commodities and 5% real estate investment trusts.

The Fidelity Multi Asset Open Adventurous fund’s index is higher risk, consisting of 75% equities, 15% commodities and 10% Reits.

At the top end of the risk spectrum, the Fidelity Multi Asset Open World fund holds 100% equities.

The Open funds, managed by Bateman’s team including Ayesha Akbar and Eugene Philalithis, have a Y share class with an annual management charge of 0.75%.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy


Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.

More about this article:

Look up the shares

  • Fidelity European Values PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive


Sorry, this link is not
quite ready yet