Fidelity launches low cost multi-asset range

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Fidelity has launched low-cost versions of its Multi Asset fund range, run by Trevor Greetham, following moves by peers including Schroders to offer similar investment products.

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...

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