View more on these topics

Fidelity gains multi momentum

Fidelity says its multi-manager range saw the second-highest sales in the sector in September showing that the fund firm has become a leading multi-manager player.

The company says the September inflows, as measured by Feri, show it is gaining momentum and its distribution fund, launched at the start of September is now its top-selling multi-manager portfolio.

Fidelity has £362m across its multi-manager growth, income, special situations and equity income funds as at November 20, but figures for the distribution fund are not yet available.

Director of multi-manager Simon Ellis says this growth comes from a standing start in October 2003.

He says: “Our funds under management are growing strongly but we do not have the distribution model in place to challenge Credit Suisse or Jupiter yet.”

Ellis says Fidelity is looking at making its multi-manager funds more widely available across Europe and notes there are no more UK launches in the pipeline.

He adds that Fidelity held around 10 per cent of its own funds across its whole multi-manager product range.


A good reception for Ken’s new role

To mark the announcement that SimplyBiz chairman Ken Davy has been honoured as an ambassador for Huddersfield, the Diary presents an artist’s impression of his first ambassadorial role.Monsieur, with these financial services compliance training and support tools, you are really spoiling us…

F&C strengthens emerging markets team with hedge fund hire

F&C has further strengthened its emerging markets team by appointing Claire Franklin as an analyst bringing the total desk strength to 14.Franklin joins from London-based hedge fund Sloane Robinson Investment Management and will be responsible for sectors within the Eastern Europe Middle East Africa (EMEA) region.Franklin will report to F&C head of emerging equities Jeff […]

Cable puts pressure on sealed-pack sales

MPs are continuing to pile pressure on the Government over the way that non-advised insurance sales are marketed and sold to consumers.LibDem Shadow Chancellor Vince Cable has asked the Treasury to explain what measures there are to ensure insurance policies sold in a sealed-pack “off the shelf” display their terms and conditions on the outside […]

ABI and Compass launch guide to HIV questions

Specialist gay IFA Compass has co-produced a consumer guide with the Association of British Insurers on gay life insurance to explain the effects of the ABI guidelines on HIV and Insurance.The ABI guidelines were introduced in October 2005 when insurance companies were banned from asking for applicants’ sexual orientation on application forms for life insurance.The […]

Jelf flexible benefits

In Focus: How to choose a flexible benefits provider — seven top tips

Jelf Employee Benefits looks at some of the key considerations employers should think about when reviewing and choosing a flexible benefits provider. Choosing the right benefits for your employees is one thing but delivering a successful employee benefits strategy is about understanding the complete picture and delivering it in a personalised way so that it resonates with each and every individual in your business. 


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm