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 unveils low-cost US tracker

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 or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter