Fidelity holds off from mixed offerings

interview: simon fraser

Fidelity's CIO Simon Fraser explains why the group is reluctant to jump on the bandwagon to launch products under the latest mixed funds rules

Fidelity will not join the clamour to launch the new product types allowed under the mixed funds rules. The group believes jumping on the bandwagon to run such vehicles would detract from its core business and not be in the interests of its clients over the long-term. Simon Fraser, chief investment officer at Fidelity, said that while the group is a strong proponent of innovation, as seen with its lifestyle Target fund range, it remains fiercely protective of its reputation and brand strength. As such, it is not willing to risk that in order to pull in quick assets by launching a fund t...