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Fidelity Funds – Global Focus Fund

Friday, 31 January 2003

Type: Sicav

Aim: Growth by investing in global equities

Minimum investment: Lump sum £1,500, monthly £50

Place of registration: Luxemburg

Investment split: 100% in global equities

Isa link: Yes

Charges: Initial 5.25%, 3.25% Isa, annual 1.5%

Commission: Initial 3%, renewal 0.5%

Tel: 0800 414181


Mellon appoints COO

Mellon Global Investments has appointed Greg Brisk as chief operations officer. Brisk, previously European head of risk and compliance, will assume responsibility for Mellon&#39s global operations. He also joins the board of directors. Prior to joining Mellon in 1999 Brisk worked for the FSA, where he was a banking regulator with responsibility for London-based American […]

Most high-flying funds fizzle out

Nearly all the 50 top-performing funds between 1992 and 1997 had slipped down the rankings by the end of last year, according to Close Wealth Management. Only three of the funds remained in the top 50 between 1997 and 2002. Of the remainder, the average ranking plummeted to 524th. The biggest faller was Old Mutual&#39s […]

Fund sales hit five-year low

Net sales of retail investment funds fell sharply in 2002, with sales in December plunging by £230m, according to the IMA. The IMA&#39s yearly figures show that new retail fund sales fell to £7.6bn last year from £9.3bn in 2001, with December sales plummeting to £269.3m compared with £606.5m in December 2001 and £499.5m in […]

Coming up against a wall of cynicism

We are arranging a home-equity release plan for two clients. Keen to ensure every i is dotted and every t is crossed, our network imposes very stringent vetting measures on all such business before we can proceed. The two providers with whom we have dealt so far all seem intent on being as efficient, professional […]


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