Fidelity is launching a high-risk global focus fund in January to be managed by Brenda Reed. A ...
Fidelity is launching a high-risk global focus fund in January to be managed by Brenda Reed.
A concentrated portfolio of 100 + stocks will be selected by Fidelity's former director of UK and European research, and sector exposure is benchmarked mainly to the MSCI World Index.
Stocks will be allowed to deviate across the entire global market but will be directed more towards the mid-cap range, employing a style-neutral approach holdings both value and growth over time.
Fund status is high risk but offers a high potential return to investors who might already have an international portfolio.
The global focus fund is a sub-fund of the Fidelity Funds SICAV, but has a sterling share class open to UK investors, and can be invested as part of an Isa or Pep transfer.
Initial charge is 3.25% with 1.5% annual management charge, while up-front commission is 3% and 0.5% trail fee.
Reed has managed money in the USA, Japan and Europe and played a key role in the development of Fidelity's Sector Fund range.
For more information, telephone 0800 41 41 71 or click thru the right-hand link to view the website.
An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client
The government is "in daily contact" with industry figures over the pensions dashboard as it prepares for the roll-out and its feasibility report, Guy Opperman has said.
Organisation led by Johnny Timpson
From 1 April 2019
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