Fidelity FundsNetwork has admitted a backlog of developments has led to delays in the listing of investment trusts (ITs) on the platform.
The firm initially planned to launch ITs shortly before the introduction of the Retail Distribution Review (RDR), beating rivals Cofunds and Skandia to announce. In March last year, the group said investment companies "will be listed on FundsNetwork in the latter stages of the year, and it will be the most popular trusts attracting the greatest investor appetite which will be listed". It added: "The size of the investment trust is an issue, and smaller, less liquid trusts will have to decide whether it is viable for them to list on the platform from a cost perspective." However, wh...
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