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Fidelity boosts multi asset range with Adventurous fund for Greetham
by Emma Dunkley on Dec 06, 2012 at 07:45
The new Adventurous strategy joins the Defensive, Balanced and Growth funds within the Fidelity Multi Asset Allocator line-up, and all of the vehicles are actively managed by Greetham.
Greetham invests in index trackers in order to gain low-cost exposure to each underlying asset class.
The Adventurous fund’s composite benchmark comprises 100% growth assets, with 50% in global equities, including the emerging markets, as well as 25% in UK equities, 15% in commodities and 10% in global property securities.
Greetham also has the flexibility to tactically allocate a maximum of 20% to bonds and cash.
The new fund is available with both A and Y share classes, with total expense ratios of 1.17% and 0.67% respectively.
As well as the low-cost Allocator range, Fidelity offers a multi asset, fund of active funds range headed by Greetham, consisting of the Defensive, Strategic, Growth and Adventurous funds.
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