FIDELITY HAS LAUNCHED two new tranches of its Target range of asset allocation funds, bringing the total funds available to European investors to five. The new funds will have end dates of 2025 and 2030 and will join the existing range Target funds for 2010, 2015 and 2020 which have been available since 2003. Managed by the Fidelity multimanager team, head by Richard Skelt, the Target funds are predominantly invested in equities at first, but as the product approaches maturity bonds and cash are added. INVESTEC ASSET MANAGEMENT'S Cautious Managed and Distribution funds have both been add...
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