Fidelity International has reduced fees on five passively managed multi-asset funds.
The reduction from 0.25% to 0.2% of the ongoing charges figure applies five Fidelity Multi Asset Allocator funds.
Fidelity said the range was its flagship low-cost multi-asset solutions available in the UK market.
The range includes the Fidelity Multi Asset Allocator Defensive Fund and the Fidelity Allocator World Fund
Fidelity International has “placed significant emphasis” on developing its multi asset capabilities in recent years, the firm said. Fidelity solutions and multi-asset team has 80 people including 39 investment professionals that manager £39 billion (€45.2 billion).
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