Fidelity Investments has plans to launch three Target Funds in the UK towards the end of May, as a p...
Fidelity Investments has plans to launch three Target Funds in the UK towards the end of May, as a part of a new strategy of handling asset funding over time. These three Fidelity Wealthbuilder Target Funds will be the first funds of their sort to manage asset allocation that, as the maturity date approaches, become more and more sensitive to greater cash and bonds exposure. Advisers will be able to choose between three different funds with different "target" or maturity dates - 2010, 2015 and 2020 - depending on their clients' individual aims. By using an asset allocat...
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