Fidelity launches two multi-asset funds for Greetham

Sitting alongside the manager's successful Multi Asset Strategic vehicle, the new Multi Asset Defensive and Growth funds will utilise Greetham's tactical asset allocation approach with differing risk/return profiles. The funds will invest in a range of global assets - providing exposure to equities, bonds, commodities, property and cash. FIL Multi Asset Defensive, which sits in the IMA Cautious Managed sector, will allocate a larger proportion of its assets to bonds and cash than the existing Strategic product. Its benchmark is 50% UK bonds, 25% cash, 15% UK and global equities, 5% gl...