Fidelity launches Wealthbuilder

Fidelity's suite of three Wealthbuilder Target funds has now launched and investors can take advantage of the 3% discounted front-end charge until the end of June. The Wealthbuilder 2010, 2015 and 2020 funds, all managed by Richard Skelt, will be listed in the IMA Cautious, Balanced and Active managed sectors, respectively. The vehicles, run as fettered funds of funds, have their asset mix actively managed so as to reduce risk and increasingly lock in gains over time. At launch, Target 2020 will have 95% equity exposure, including a 17% weighting in Fidelity Special Situations, 16% in ...