View more on these topics

Fidelity global property fund now available as UK Oeic

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.”
 

Recommended

Aifa lobbies for limited advice with disclaimer

Aifa is to lobby for the introduction of limited advice, which would enable advisers to offer advice on specific product areas without the compliance risk of carrying out a full fact-find. Under Aifa’s proposals, advisers’ clients would sign a disclaimer that would enable an adviser to, for example, advise a client purely on how best […]

Pru targets churners

Prudential is looking to actively engage advisers it has identified as carrying out unusually high levels of transfer business in a move it hopes will encourage best practice in the industry. Pru says its campaign has the backing of Aifa and the Personal Finance Society and is a rallying cry to the industry to improve […]

Buy to let is top for returns

Buy-to-let investors are getting the best return of all asset classes, according to Landlord Mortgages. Investors who bought a BTL property with a deposit of 25,000 on average saw a 39,309 average profit over the past six years. Second was gold, with a 22,484 profit on the same stake.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment