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FundsNetwork passes £500m sales mark

Fidelity’s FundsNetwork has passed the £500m sales mark, less than 18 months after its launch in June last year.

The supermarket now offers 565 funds from 37 providers, including Close Fund Management and Axa Investment Managers which joined this week.

Fidelity marketing director Dave Cowdell says: "FundsNetwork is a well-established and trusted name amongst IFAs with the biggest choice of funds and fund providers available on any genuine fund supermarket in the market. We’re delighted with its success to date, in terms of both sales volumes and consistent support from IFAs."

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