Fidelity FundsNetwork has launched a new International Bond which the company says strips away the complexities and hidden charges usually associated with offshore investment. The new International Bond is designed to be competitively priced, with a clear and simple charging structure plus full commission flexibility, according to Fidelity. Fidelity claims the new launch as the first truly open-architecture international bond. Platform mutual funds are typically sold at net asset value, there is no limit on switching and no fee applied when switching between funds. Advisors can see a single view of client holdings on the platform through Oneview. On top of the cost benefits, advisors can also access the usual underlying benefits of FundsNetwork via the new product wrapper, along with a selection of over 1,000 mutual funds from 55 providers, discretionary fund management and deposit accounts. The new wrapper is also able to take on a wide range of eligible whole of market funds. It is integrated into the platform’s online client management tools and services. David Dalton-Brown, head of FundsNetwork, said: “The international investment bond market is growing rapidly as advisers focus increasingly on the many benefits of investing internationally for their clients. But historically, hidden charges and product complexities have stood in the way of many investors being able to benefit fully.”