Fidelity gets adventurous with latest low-cost fund

Fidelity has unveiled a fourth multi-asset product for manager Trevor Greetham, within its Multi Asset Allocator range.

The new fund will be called the Multi Asset Allocator Adventurous, and will sit alongside the £12m Defensive, £13m Balanced and £11m Growth funds already available. It is the fourth fund in its new low-cost suite of funds, and will invest mainly in tracker funds to keep costs low. Greetham (pictured) also runs a range of fund of fund products for the firm, including the £30m Fidelity Multi Asset Defensive, £653m Strategic, £353m Growth and £261m Adventurous funds. The Adventurous fund will invest solely in growth assets, with 50% in global equities, 25% in UK equities, 15% in commo...