Fidelity expands index range with six ICAV funds

Reduction in OCF on existing funds

Fidelity has launched six Irish-domiciled equity index funds and reduced fees on three of its existing UK index funds.

The new range will include US, Europe, Japan, Pacific ex Japan, developed global and emerging markets funds. The ongoing charges figure (OCF) on these will begin at 0.06% for the S&P 500 fund and rise to 0.20% for the MSCI Emerging Markets fund. Sterling and euro hedged share classes will also be offered for the US, Global, Europe and Japan funds with higher OCFs, ranging from 0.15% to 0.22%. Fidelity to launch smart beta income ETF duo Fidelity has also cut the fees on its UK OEIC index range with the OCF on the US, World and emerging markets funds reducing by 1bp from 1 April....