Fidelity’s global property fund is now available as an Oeic on Cofunds, FundsNetwork, Lifetime and Transact.
From September 12, the fund will also be available through Skandia.
The global property fund is part of Fidelity’s Sicav and it invests in property stocks and Reits worldwide. Both versions will be managed by Steve Buller.
Fidelity says due to a demand from users of fund platforms and life company wrappers the fund manager has produced an Oeic version of the fund. It will invest in the same way with the same commission features of a 3.5 per cent upfront and a 1.5 per cent AMC.
Fidelity International head of IFA channel Peter Hicks says: “Since the successful launch of the global property Sicav in January, life companies have been asking for a UK-domiciled version of the product. Many life companies and platforms are still unable to include Sicavs in the range of funds they offer, and adviser demand for Fidelity’s global property fund has been so strong that we are now offering an Oeic version.
“With considerable opportunities envisaged in the Reits market, we believe that advisers and their clients should be able to benefit from exposure to global property securities, through the platform of their choice. Now advisers can choose whichever Fidelity global property fund suits their needs best– the Oeic or the Sicav. More importantly, this increases the number of ways in which advisers can get access to this very popular fund.”