Fidelity meets the growing demand for multi-manager with distribution launch

Fidelity has launched its MultiManager Distribution fund, which will target an estimated yield of 4%. The fund is being managed by Richard Skelt, head of multi-manager. Over time, it is likely to be 40% invested in UK equity income, 40% in bonds and 20% in property. The fund is eligible for inclusion in an Isa, self-invested personal pensions and will be available on the FundsNetwork Onshore Investment Bond later in the year. The annual management fee is 1%, with a 2% ceiling on total annual expenses. The initial charge is 3.5%. Commission is 3% initial and 0.5% trail. The fund will ...