Fund Management
Two New Multi Asset Funds From Fidelity and M&G

Fidelity International has launched a new fund offering access to a broad range of asset classes through a single portfolio. The new Multi A...
Fidelity International has launched a new fund offering access to a broad range of asset classes through a single portfolio. The new Multi Asset Strategic fund aims to provide diversified long-term capital gains coupled with low volatility. It is set to invest in equities, bonds, property, commodities and cash depending on how its manager Trevor Greetham sees the economic cycle. Meanwhile, at M&G the UK and European Prudential group subsidiary, David Jane will manage a new Cautious Multi Asset fund to be launched in mid to late February 2007. He said: “Multi asset funds provide managers with the flexibility to invest beyond the limitations of traditional cautious managed funds. Some funds in the sector invest in property as well as the traditional areas of equities and bonds, but I will be able to do more than that. The new NURS rules introduced by the FSA mean I could hold up to 20 per cent of the fund in assets with attractive risk and performance characteristics that many investors have not been able to access in the past. This portion of the fund may include, for instance, leveraged loans (via collectives) and collateralised debt obligations”. Fund size at launch will be £5 million ($9.9 million).