Fidelity International is targeting UK investors with 16 of its Luxembourg-based offshore funds. Th...
Fidelity International is targeting UK investors with 16 of its Luxembourg-based offshore funds. The group has added sterling share classes to the vehicles, which consist of 12 equity and four fixed interest portfolios. The group already has in excess of 30 UK-based Oeics and unit trusts and five investment trusts. Richard Wastcoat, managing director at Fidelity International said: "Part of the trend of the UK market has seen groups offering a greater choice via Luxembourg funds. This is evident with the IMA now moving to include these in its sales figures." The initial charges on the fu...
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