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Fidelity adds Widows and Barclays Global to FundsNetwork

Fidelity&#39s FundsNetwork is expanding its range with 29 funds from Scottish Widows and Barclays Global Investors.

The total funds on offer is 594, which FundsNet-work says makes it the biggest investment superstore in the UK for intermediaries. Widows is one of the last big groups to join the supermarket and brings 18 unit trusts. Five are UK, eight overseas and five income funds.

BGI is adding all 11 of its funds currently available to UK retail investors.

Since its launch in June 2000, FundsNetwork has more than tripled its pro-viders from the initial 14, more than doubled the number of funds available from the original 250 and raised a total of nearly £600m in assets.

Scottish Widows senior investment development manager Andrew Gordon says: “We have been facing increasing demands from IFAs to access Scottish Widows funds through fund supermarkets. As part of our ongoing commitment to IFAs we are delighted to be able to offer such a service through FundsNetwork.”

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