Fidelity and AllianzGI performance fee funds fail to attract assets

According to the Financial Times, nine of the 12 Fidelity funds managed less than £60,000 each by the end of last year with five of the products managing less than £4,000 each. Furthermore, the firm's most successful variable-fee fund is a global equity fund that has £36m in assets under management (AUM) while the fixed-fee share class has £2.1bn in AUM. Allianz GI, which launched five performance fee-related funds last April, had less than £30,000 in assets in three of them by the end of December while the most successful product, an emerging markets equity fund, has £400,742 in AUM....