View the article online at http://citywire.co.uk/new-model-adviser/article/a657998
FundsNetwork puts investment trusts listing on hold
by Michelle Abrego on Feb 11, 2013 at 11:20
Fidelity FundsNetwork has put plans to list investment trusts on the back burner prioritising projects which meet more pressing adviser demands.
In 2012, it was reported that the platform was to list investment trusts ahead of the retail distribution review (RDR).
However, a spokeswoman for the platform said plans for investment trusts had been put on hold for the time being.
‘We have a busy delivery schedule, which has meant we have had to prioritise launches based on adviser feedback and need,’ she said.
She said the platform was ‘committed’ to launching investment trusts, but was ‘unable to commit to a specific date at the moment’.
It had previously announced plans to offer a range of exchange traded funds and investment trusts, it added ETFs to the platform in June 2012.
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