Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Fidelity boosts multi asset range with Adventurous fund for Greetham

Fidelity boosts multi asset range with Adventurous fund for Greetham

Fidelity has launched the Multi Asset Allocator Adventurous fund for manager Trevor Greetham, broadening out its multi asset fund of passives range.

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Wealth Manager on Twitter