Fidelity to merge multi-asset ranges under management of Bill McQuaker

To complete in March 2019

Fidelity International has announced plans to merge its Multi Asset fund range into its Multi Asset Open range, managed by Bill McQuaker.

The merger, which is due to complete in March, reflects the fact that the two ranges have similar investment objectives and risk-return profiles. It has been arranged to deliver increased efficiency for clients accessing active managers from across the investment industry and will also allow them to benefit from lower ongoing charges across the Multi Asset Open range (see table below). There are five risk-profiled products in this suite, with each fund aiming to deliver specific risk and return characteristics while taking a flexible approach to asset allocation. Fidelity launches ...