Fidelity FundsNetwork has launched a new multi-manager product suite with classes for both fee-based and commission remunerated advisers.
Accessible from 4 February, the new asset allocation service can take a defensive through to aggressive stance, depending on individual client risk profiles. Run by Fidelity’s multi-manager team, the five portfolios can invest in over 1,100 offerings available on FundsNetwork as well as more specialist vehicles, such as hedge funds. The multi-manager funds are: PortfolioManager Defensive – 10% UK equities, 85% UK bonds and 5% other PortfolioManager Cautious – 30% UK equities, 10% developed equities, 50% UK bonds and 10% property PortfolioManager Balanced – 30% UK equities, 25% devel...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes