Fidelity FundsNetwork has launched an international bond which offers access to over 1000 funds as well as flexible commission options.
Advisers will be able to access over 1000 mutual funds from 55 providers through the bond as well as discretionary fund management and deposit accounts. In addition, the wrapper is integrated into the platform’s online client management tools and services.
FundsNetwork says transparency is key to the product which has a simple charging structure.
David Dalton-Brown, head of FundsNetwork, says: “The international investment bond market is growing rapidly as advisers focus increasingly on the many benefits of investing internationally for their clients. But historically, hidden charges and product complexities have stood in the way of many investors being able to benefit fully.
“The demand from advisers for a solution to investing simply and tax-efficiently offshore has driven the development of our International Bond, which we believe is part of a new breed of modern, competitively and transparently priced wrappers. We’ve broken new ground with its design and features - the combination of lower and transparent charges, investment choice and flexibility, is geared towards making offshore investment more accessible than ever before.”
The launch of the Dublin-based International Bond is the latest in a number of tax wrappers added to FundsNetwork in the last eighteen months. In 2005, it added a SIPP and an Onshore Investment Bond. Over the coming months, FundsNetwork has plans to launch Multi-Asset Trusts, a With-Profits Analyser and a Cash Management Account.
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