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Fidelity targets wealth managers with fifth fund in Greetham’s low-cost range

Trevor Greetham 480
Fidelity’s Trevor Greetham

Fidelity has launched a fifth fund in Trevor Greetham’s low-cost Multi Asset Allocator range, aimed at wealth managers.

The Fidelity Multi Asset Allocator World fund has a minimum investment of £250,000 and carries an annual management charge of 0.5 per cent. Fidelity estimates the fund’s total expense ratio will be 0.72 per cent.

Greetham is the asset allocation director within the investment solutions group at Fidelity Worldwide Investment and runs the firm’s multi-asset fund ranges.

The new fund, which opened to investors today, is an actively managed fund that invests in index-tracking instruments to keep the costs down, as with the rest of the Multi Asset Allocator suite.
It will be rated at seven on Distribution Technology’s Dynamic Planner, placing it in the highest medium risk category.

Greetham’s low-cost range currently comprises the Multi Asset Allocator Defensive, Multi Asset Allocator Balanced, Multi Asset Allocator Growth and Multi Asset Allocator Adventurous funds. These funds have retail share classes.

Fidelity last added to the range in December 2012, with the launch of the Multi Asset Allocator Adventurous fund.


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