Fidelity is launching four sector funds this week as part of the group's offshore Fidelity Funds ran...
Fidelity is launching four sector funds this week as part of the group's offshore Fidelity Funds range. The four funds are healthcare, financial services, consumer industries and industrials.
As first revealed by Investment Week earlier this summer, the funds will be based in Luxembourg but will have a sterling class so that they will all be available within an Isa wrapper.
Dale Nicholls will be the manager on the industrials portfolio, Mark Buffet will run the healthcare fund, Cedric Delachaise will look at financials while Marc Bianconi will run the consumer industries portfolio.
The group is holding an investment conference for IFAs this week in order to reveal the details of the funds. The conference is to be held at the Four Seasons Hotel in London on 6 September.
Also this week Fidelity's existing two sector funds, technology and telecoms, will become available within an Isa.
Because the funds are to be Isable, the group will be introducing renewal commission on the telecoms and technology funds, as well as putting it on the other four. For Isa sales, a 3% initial commission will be offered.
The first two funds in the sector fund range were launched last September and have since attracted more than $1bn in funds. For more information contact: 01737 837857.
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