FundsNetwork steals march on rivals to list ITs this year

Fidelity FundsNetwork has become the first of the fund supermarkets to confirm it will offer investment trusts ahead of RDR.

Beating rivals Cofunds and Skandia to the punch, Fidelity said plans are under way to list investment trusts on its FundsNetwork platform this year. Fidelity will begin making closed-ended vehicles available from November, Investment Week understands.  The group is expected to offer the most popular and liquid trusts initially, with a view to expanding the number available at a later date. At the end of last year, Fidelity began offering its own range of investment trusts through FundsNetwork, bringing in the necessary technical changes to make shares tradable on its platform. F...