Fidelity's FundsNetwork has announced the addition of five new funds to their range.
The new funds, two of which are UK equity funds and the other three mixed asset funds, have all been launched in the last eight weeks.
The two equity funds added are the HSBC UK Freestyle Fund, run by Robert Morris, which invests in stocks with the highest level of conviction, and the DWS Smaller Companies fund, managed by Ruth Keetch and Peter Curling, which typically invests in stocks at the lower end of the market.
The new mixed asset funds are the Schroder S&P Cautious Managed Distribution Portfolio, run by the multi-manager team headed by Andrew Yeadon; the UBS Absolute Return Bond, which targets positive returns in all market conditions and Ian Spreadbury's Fidelity Sterling Bond Fund.
The funds all have an initial commission of 3% and renewal commission of 0.5%, except for the UBS Absolute Return Bond Fund, which has initial commission of 1% and renewal commission of 0.25%.
Head of FundsNetwork, David Dalton-Brown, said: "These newly launched funds make use of new regulations and are run by well-known managers. These developments are all part of a bigger plan for advisers as we add bond and SIPP wrappers to the platform."
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