Fidelity to offer Global Infrastructure fund among raft of changes across range

Asia Pacific Property fund to close

Fidelity is restructuring the Global Telecommunications fund as an income-paying infrastructure fund on 1 October.

The re-named Global Infrastructure fund will aim to provide income as well as long-term capital growth by investing in infrastructure companies in sectors such as telecommunications, utilities, energy, transportation and social, including educational services and healthcare facilities. The fund's risk profile is expected to stay the same. There will be no changes to the fees and any regulatory costs will be paid by the firm and transaction costs borne by the €85m fund, a SICAV. Fidelity to close Philalithis' multi-asset fund next month "There are two key reasons for broadening the ...