View more on these topics

Fidelity launches two multi-manager funds and global reits fund

Fidelity is launching a multi-manager portfolio of special situations funds in an effort to stave off competition following the effective closure of its own fund run by Anthony Bolton.

The firm says the launch on January 16 meets advisers needs in assessing the broad range of funds marketed under the special situations, opportunities or dynamic banners. It will be run by Chris Ralph and Richard Skelt and is expected to include just six underlying funds at launch, aiming for aggressive total returns by investing mainly in unconstrained UK funds.

The firm is simultaneously launching a concentrated equity income portfolio holding just six funds at launch, saying IFAs are demanding more aggressive products in multi-manager structures to sell as core offerings to their clients.

It has also launched its global property fund investing in Reits, first announced at the end of last year.

Fidelity UK managing director Richard Wastcoat says: “IFAs tell us that they want more aggressive multi-manager funds to complement their core portfolios. We hope that these two new, high-octane funds in two of the most popular sectors will meet this need.”

Recommended

Skandia shareholders give the green light for Old Mutual takeover

More than 70 per cent of Skandia shareholders have voted to accept Old Mutual’s proposed takeover offer, Money Marketing understands.Today was the final deadline for shareholders to decide whether to accept the South African insurer’s bid.Sources close to Skandia say the takeover is likely to take place over the next few months and at this […]

Equity-release firms hit back at Which?

Equity-release providers have hit back after their products came under fire from Which? claims of being too expensive and misleadingly advertised. Which? claims that most customers would be better off downsizing or borrowing from their family, as it says lifetime mortgages and home-reversion plans have high costs. But leading industry figures insist that the research […]

Campaign dangers

The Money Marketing campaign regarding supermarkets selling life insurance direct makes some good points regarding the need for advice and the danger of misbuying. However, this is a somewhat narrow and dangerous view: First, it presupposes that the consumer knows little or nothing about what they are doing and therefore will buy the wrong product […]

PPF levy soars to 575m

The Pension Protection Fund risk-based levy of 575m this year will cost firms almost double the amount that was forecast initially. The figure is significantly below many industry forecasts, which had ranged as high as 900m but still way above the Governments’s original projection of 300m. Consultancy Watson Wyatt warns that the levy will cost […]

Dubai

White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com