Fidelity slashes fees on passive multi-asset range

Fidelity Worldwide Investment has cut fees on its passive multi-asset range in another aggressive pricing move.

The group has cut the ongoing charges on its five-strong Fidelity Multi Asset Allocator funds from 0.45% to just 0.25% on FundsNetwork. It comes after the group slashed the price of its index funds in May, undercutting a number of rivals. The Multi Asset Allocator funds - run by Trevor Greetham and managed with input from the wider Fidelity Solutions group, headed by James Bateman (pictured) - invest across a number of underlying index-trackers and other passive funds. The funds - which include defensive, growth and world portfolios - will be slightly more expensive via other platf...