Fidelity was to launch three lifestyle funds switching from equities to bonds and cash over a set nu...
Fidelity was to launch three lifestyle funds switching from equities to bonds and cash over a set number of years. The vehicles were run as fettered funds of funds by Richard Skelt and branded Wealthbuilder Target 2010, 2015 and 2020. At launch on 30 May, the funds were predominantly invested in Fidelity equity funds as Skelt looked to optimise capital growth. Asset allocation moves into fixed interest over time and as the funds draw closer to their target dates, they switch into cash and other money market instruments to lock in returns.
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
