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Fidelity to offer triple Isa

Fidelity is to offer a new multi-fund Isa, bringing tog ether three sector funds.

The Fidelity Triple Sector Isa will be launched on January 1. It will combine Fid elity&#39s healthcare, technology and financial services funds. Each fund will be a third of the portfolio.

The healthcare and financial services funds were laun ched in September. The technology fund was launched in September 1999 and has returned 50.8 per cent since launch.

Initial charge on the triple fund will be 3.25 per cent and annual 1.5 per cent. Initial commission is 3 per cent and 0.5 per cent trail.

Associate director David Cowdell says: “Specialist funds are continuing to sell well but advisers have concerns about the risks of these funds compared with more mainstream Isa funds. This shows how advisers can build attractive portfolios that retain much of the performance potential of owning the funds individually but without the commensurate risk.”

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