Fidelity has launched seven funds offering investors access to equities, bonds, property and commodi...
Fidelity has launched seven funds offering investors access to equities, bonds, property and commodities and a drawdown facility of 4% each year.
The Fidelity Retirement funds come to the market on 30 April and are headed up by chief investment officer of multi-manager funds Richard Skelt.
Six offerings are designed for investors who want to build up a portfolio ahead of retirement over 35 years, with maturity dates of 2015, 2020, 2025, 2030, 2035 and 2040.
The seventh fund, Fidelity Retirement Income, targets investors already in retirement. Investors can select any of the six target dated funds to match the investment to their retirement plans.
Asset allocation will shift to reflect the need for higher growth in the early years and lower volatility approaching retirement. At retirement the funds’ will merge into Fidelity Retirement Income.