Fidelity launches low cost multi-asset range

The Multi Asset Allocator Funds, scheduled for launch next month, have two lower cost share classes, with the A shares having a 1% AMC and 0.5% trail commission, and the N shares charging 0.5% AMC with no trail. This compares with higher AMC's on the existing range of Multi-Asset funds which are between 1.15% and 1.4%. The funds will use the same active asset allocation and investment process as the existing Multi-Asset Funds but will use index funds to implement asset allocation decisions, therefore allowing for lower costs. The portfolios - which mirror the existing Multi-Asset f...