Fidelity adds three funds to multi-asset range

Building out its Fidelity Multi Asset Open Range, the group has added the Open Defensive, Open Adventurous and Open World funds. The new funds - headed by James Bateman, head of multi-manager and multi-asset portfolio management - sit alongside Fidelity's existing Multi Asset Open Strategic and Open Growth funds. Ben Waterhouse, head of UK retail sales, said the new funds should make it easier for advisers to pick the right strategies for their clients. He said: "The changes to the multi-asset and multi-manager funds are to make them a more coherent and easy to understand range. ...