Credit Suisse Asset Management Funds (UK) is in talks with Fidelity with the aim of getting its fund...
Credit Suisse Asset Management Funds (UK) is in talks with Fidelity with the aim of getting its fund range on the Fidelity intermediary fund supermarket, writes Leo Bland.
Credit Suisse is looking to offer its full fund range of 11 Oeic funds and its cash unit trust on the Fidelity's FundsNetwork. Credit Suisse already offers its full retail fund range through the Interactive Investor website.
ABN Amro has been approached by Fidelity but has yet to sign up. Standard Life Investments is in discussions with all of the major fund supermarkets with a view to offering its fund range through this channel but it is unlikely to offer its bond retail funds through fund supermarkets. It said the margins on these funds are too low to profitably split with these distributors as the annual management charge on these funds is around 1%.
Fidelity is looking to announce which fund management groups have signed up to its funds supermarket later this year.
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