Fidelity is looking to convert its 21-strong multi-manager range to Nurs, adding assets such as dire...
Fidelity is looking to convert its 21-strong multi-manager range to Nurs, adding assets such as direct physical property and gold to the investment universe. The funds, overseen by multi-manager heads Geraldine Stewart and Richard Skelt, will also have wider powers to invest in derivatives. The group has written to shareholders to vote on the proposals with an EGM scheduled for 2 October. If successful, the conversion from Ucits III to Nurs will take place over the weekend of 1-2 November. Affected funds include vehicles from the MultiManager, Multi Asset, WealthBuilder, Retirement ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
