Fidelity has expanded Trevor Greetham's multi-asset range of funds, after launching a higher-risk adventurous fund.
The Fidelity Multi Asset Adventurous fund - the fourth fund in the range - will be 100% allocated to equities, commodities and real estate as its neutral position.
The group is also merging the Fidelity Flexible Managed fund - a NURS offering currently run by Rita Grewal - into the new Multi Asset Adventurous portfolio.
The new fund will be structured as an OEIC, and enhances what is a core range for the group heading into 2013, giving them portfolios to suit a variety fo risk appetites.
While its neutral position will be to have 75% invested in equities and 25% invested in commodities and real estate, Greetham also has the flexibility to allocate to bonds and cash if needs be.
Ben Waterhouse, head of UK retail sales at Fidelity Worldwide Investments, said the new fund would sit in the IMA Flexible Managed Sector, and would launched on 24 September.
"The fund will tactically allocate around its benchmark, but this fund is at the top end of the risk spectrum," he added.
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