Fidelity's range of Wealthbuilder Target funds have raised some £6m in the two months since launch. ...
Fidelity's range of Wealthbuilder Target funds have raised some £6m in the two months since launch. The portfolios, designed to switch from high to lower-risk assets over time to protect gains by a set date, are fettered funds of funds managed by Richard Skelt. The funds, which have target dates to maturity of 2010, 2015 and 2020, launched on 30 May. Jo Roddan, spokesperson for Fidelity Investments, said 'We do not put any short-term asset target on new fund launches. Our fund launches this year have all been about positioning our fund range for the future shape of the industry and not a bid to raise short term assets.'
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till