Fidelity to launch equity index range for advisers starting at 0.09% ongoing charge

Fidelity Worldwide Investment is set to launch a new equity index range in March, available to the adviser market exclusively through FundsNetwork with fees starting at 0.09%.

The range, which will also be made available selectively to wealth managers, will include four new funds covering Europe ex UK, Japan, Pacific ex Japan and Emerging Markets, adding to existing funds focused on the UK, US and World. The new funds, some of which have already launched, will be managed by institutional asset manager Geode Capital Management which has been managing equity index assets since 2002. Geode Capital currently manages over $165bn in equity index assets across all regions. FundsNetwork Advisory Services head Jon Everill (pictured) said: "Advisers have told us t...