Fidelity's multi-asset team is finalising its move from investing third-party funds to segregated mandates within its Open range, completing the launch of nine Irish-domiciled sub-funds this September.
The move has been a three-year process and the firm said seven have launched so far with the final two launching next month, all structured as Irish Common Contractual Funds (CCFs). The sub-funds cover UK, Europe ex UK, global emerging market, Japan, Asia Pacific ex Japan, North America, fixed income (global aggregate), fixed income (sub-investment grade) and alternatives. Each fund will have between two and four third-party managers on it. These will then be used by the firm's multi-asset Open funds and the Fidelity manager will be able to dynamically allocate to between the variou...
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