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Fidelity unveils new index range
by Robert St George on Feb 10, 2014 at 07:53
Fidelity has confirmed the look of its new index range, the launch of which was exclusively revealed by Wealth Manager last year.
New open-ended funds will track Europe excluding the UK, Japan, Pacific excluding Japan, and emerging markets equities, adding to existing US, UK and global products.
The funds will be priced as follows:
|Fidelity Index UK Fund||FTSE All Share||0.09%|
|Fidelity Index US Fund||S&P 500||0.09%|
|Fidelity Index Japan Fund||MSCI Japan||0.15%|
|Fidelity Index Europe ex UK Fund||MSCI Europe ex UK||0.16%|
|Fidelity Index World Fund||MSCI World||0.18%|
|Fidelity Index Pacific ex Japan Fund||MSCI Pacific ex Japan||0.20%|
|Fidelity Index Emerging Markets Fund||MSCI Emerging Markets||0.27%|
The funds will be available through FundsNetwork for advisers and will be managed by Geode Capital Management, a US-based institutional asset manager with more than £100 billion of assets under management. Fidelity will also offer the funds to wealth and investment managers if they fit their investment criteria.
‘Whilst active management remains at the core of Fidelity’s investment philosophy, we are pleased to be able to meet the growing demand for index funds by bringing Geode’s proven passive capability to the UK market,’ said Ben Waterhouse, Fidelity’s head of UK retail sales.
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