News of Bestinvest’s list of ‘dog funds’ carried by mainstream media on the 23rd July sparked a widespread response and sharing through social media. The Bestinvest’s list highlights funds that have underperformed their benchmark by 10% or more cumulatively over the last three years. Major fund groups Scottish
Read more →Fund management Fidelity has launched an unbundled share class purely for its discretionary clients, insisting IFAs prefer to pay 1% for funds through platforms, a claim that has been disputed by other fund houses. The 0.75% ‘clean fee’ share class is to launch later this year on
Read more →Fidelity Worldwide Investment has announced that John Clougherty will join as head of UK retail in June. He will report to Hugh Mullan, UK managing director. Clougherty joins from Aviva Investors UK Funds where he was chief executive and will be responsible for the Fidelity-branded funds business. Prior
Read more →Fidelity Worldwide Investment has argued that the asset management industry needs to create a new standard to bring greater transparency to investment charges as ‘Ryanair’ pricing starts to emerge. Following on from Fidelity’s decision in September last year to separately show fund manager, adviser and platform charges,
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