Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Fidelity unveils low-cost US tracker

by Emma Dunkley on Nov 26, 2012 at 11:48

Fidelity unveils low-cost US tracker

Fidelity Worldwide Investment has launched a tracker fund providing low-cost access to the S&P 500.

The Fidelity MoneyBuilder US Index fund has an estimated total expense ratio of 0.30% at launch, and allows investors to track the largest companies in the US market.

Investors are increasingly turning to passive vehicles to gain exposure to North America as it is a highly efficient market that active managers find consistently hard to beat.

The launch bolsters Fidelity’s low-cost MoneyBuilder range which comprises a mix of actively managed and passive funds.

The firm said the rationale behind the launch is that the US alone counts for over a fifth of the global economy and makes up more than half of the world’s stock market. It also has 30 of the globe's 50 largest companies listed there.

The MoneyBuilder US Index fund requires a minimum investment of £500, or £50 per month.

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:

Sponsored Video: Bringing it all 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

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

On the road

Click here to find out more from the Audience Development team.


Standard Life denies it's in talks to buy London HQ

by Dylan Lobo on Jul 29, 2014 at 14:25

Sorry, this link is not
quite ready yet