Fidelity has launched a fund of funds investing in lesser-known portfolios as an exclusive offering for its high-net-worth (HNW) direct clients.
Fidelity Undiscovered Talents, managed by Nick Peters and James Bateman (pictured), launched last month and marks the first time the group has marketed a fund exclusively to its HNW direct customer base. Fidelity said the launch does not represent a full-scale move towards providing new funds for its direct customer base, but rather is in line with exclusive offerings across other distribution areas. These include the reduced duration version of Ian Spreadbury’s £3.3bn Moneybuilder Income fund, launched earlier this year for the UK advice and wealth manager marketplace only. The fu...
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