Product category:
General insurance
News Release from: Fidelity International | Subject: Income Fund
Edited by the Insidemoneytalk Editorial
Team on 16 March 2007
Skandia makes three more Fidelity Funds
available to advisers
Fidelity's MultiManager Income Fund, MultiManager Distribution Fund and new Multi-Asset Strategic Funds added
Over 35 Fidelity Funds now available through Skandia Fidelity International, the UK's largest mutual fund manager, today announces that Skandia has made three additional Fidelity Funds available to advisers Fidelity's recently launched Multi-Asset Strategic Fund, as well as two multi-manager portfolios - MultiManager Distribution Fund and MultiManager Income Fund - have just been added to the existing range of Fidelity Funds on offer through Skandia, bringing the total to 38
This article was originally published on Insidemoneytalk on 23 May 2007 at 8.00am (UK)
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4% p.a. income, paid monthly - direct to investors' bank accounts Sustainable level of income with potential to grow
The three new Fidelity Fund links are available via Skandia's Life, Pension and Supermarket wrappers.
The additions underline Skandia's objective to ensure advisers have access to a large number of fund options for advisers and their clients.
"We are delighted that these funds are now available to advisers through Skandia, said Richard Wastcoat, Managing Director, Fidelity International.
"All three funds have very strong selling points - MultiManager Income recently marked its third anniversary and has delivered consistent returns over that period; MultiManager Distribution Fund is a serious option for advisers considering alternatives to with-profits funds; and our new Multi-Asset Strategic Fund is a departure from the conventional breed of cautiously managed funds as it combines bonds, cash and equities with property and commodities." Richard Vincent, Head of Strategic Fund Partnerships at Skandia said: "We constantly look to enhance our various ranges so they provide advisers and their clients with a suitable amount of investment options to meet their individual investment objectives.
We've had strong links with Fidelity for a long time now and it's that partnership which we continue to build on when adding new funds." Fidelity International Limited ("FIL") and its subsidiary companies serve the major markets of the world by providing investment products and services to individuals and institutional investors outside the US.
The FIL Organisation manages a total of £140.9 billion of assets.
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