Fidelity Multi-Asset offering to launch in Jan

BY aimee savage Fidelity International is to offer a fettered fund of funds, offering access to e...

BY aimee savage Fidelity International is to offer a fettered fund of funds, offering access to equities, bonds, commodities and property. Slated for a 22 January launch, the Fidelity Multi-Asset Strategic fund will be headed up by Fidelity's asset allocation director Trevor Greetham. Listed in the Cautious Managed sector, the fund will invest 35% equities, 40% bonds, 5% property and 10% cash and commodities. Commodity exposure will be via instruments such as exchange traded funds (ETFs). The group's latest fund of funds product will give access to 15 Fidelity funds from its entire Oe...