View more on these topics

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.


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