Fidelity to combine its funds in Isa

Fidelity Investments is to combine three of its sector funds in an Isa package from early next year....

Fidelity Investments is to combine three of its sector funds in an Isa package from early next year. The Fidelity Triple Sector Isa will be launched on 1 January 2001 and investments will be equally split between the Fidelity Healthcare, Fidelity Technology and Fidelity Financial Services funds. The initial charge for the Isa will be 3.25% and 3% initial commission is payable to IFAs as well as 0.5% renewal. In a survey by Fidelity 53% of advisers questioned are currently recommending specialist funds. David Cowdell, associate director at Fidelity, said: "There is evidence that specialis...