Fidelity to close Philalithis' multi-asset fund next month

Low level of interest

Beth Brearley
clock • 1 min read

Fidelity is closing the Target 2020 fund next month due to a lack of client demand.  

No new investments into the Fidelity Target 2020 fund will be accepted after 3 September and, as of 10 September, all remaining holdings in the fund will be compulsorily redeemed. Launched in 2007 and managed by Eugene Philalithis since April 2014, the £19m fund has returned 1.4% over one year to 29 August, FE data shows. Fidelity finalises move to segregated mandates onmulti-asset range A spokesperson for Fidelity said: "The fund has become too small to manage cost-effectively and we have decided that the closure will be in the best interests of investors." Philalithis manages ...

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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Technology cited as main barrier to private market access for advisers

Technology cited as main barrier to private market access for advisers

Follows Oliver Wyman’s and Clearstream’s private markets whitepaper

Sophia Panayi
clock 04 August 2026 • 3 min read
Ascot Lloyd links up with BlackRock for investment offering

Ascot Lloyd links up with BlackRock for investment offering

A move to a single investment provider

Isabel Baxter
clock 04 August 2026 • 2 min read
Beyond London: Adviser opportunities in regional investment

Beyond London: Adviser opportunities in regional investment

Hugi Clarke unpacks the regional growth agenda

Isabel Baxter
clock 31 July 2026 • 1 min read