Fidelity to expand sector fund range

Fidelity is to launch four sector-based funds focusing on healthcare, industrials, financial services and consumer trends, writes Kira Nickerson. The four will form part of the group's Luxembourg domiciled Fidelity Funds range and are to be launched in September. The umbrella already contains two sector funds covering technology and telecommunications. Although domiciled offshore, the funds will have a sterling share class and will be available within an Isa. As of September, the technology and telecoms funds will also be available within an Isa. At the moment they are only eligible for...