Fidelity is to launch funds of third-party funds into the UK retail market in the fourth quarter...
Fidelity is to launch funds of third-party funds into the UK retail market in the fourth quarter of the year. The two products, Growth and Income, will be managed by Richard Skelt and his team, which already runs funds of Fidelity funds under the Wealthbuilder banner. Fidelity took the decision to enter the unfettered funds of funds market following a 12-month in-house pilot programme. During this period, it ran in-house and client money in unfettered portfolios. Exposure to individual funds and providers will have set limits and Fidelity funds will face the same screening...
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