The Fidelity FundsNetwork fund supermarket now has assets under management above £500m. The fund ...
The Fidelity FundsNetwork fund supermarket now has assets under management above £500m.
The fund supermarket which went live in July 2000, now boasts the highest total funds under management of the intermediary online supermarkets, placed by more than 70,000 investors. The platform has been accessed by more than 3,280 intermediary firms. A total of 255 intermediary firms have built hotlinks from it into their own websites.
Fidelity has also announced that the platform has taken on two new fund partners ' Axa Investment Managers with its 20 retail oriented funds and Close Fund Management with three funds. The addition of the two providers takes the total number of fund managers accessible through the platform to 37. The total number of funds available has risen to 565. The Axa funds that will be made available include: Distribution, Extra Income, Ethical, UK Growth, UK Equity Income, UK Opportunities and American Growth.
The Close Fund Management funds to be sold through the site are the FTSE4Good UK, the Close UK Escalator and the Close FTSE Techmark funds.
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