Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

33427

Fidelity International expands index range with first fixed income funds

RELATED TOPICS​

Fidelity International (Fidelity) has expanded its UK domiciled (OEIC) index fund range with the launch of two fixed income funds, covering the UK Gilt and the GBP corporate bond markets.The Fidelity Index UK Gilt Fund and Fidelity Index Sterling Corporate Bond Fund provide investors with a low-cost passive fixed income solution. The funds will charge an Ongoing Charge Figure (OCF) of 0.10 per cent for the UK Gilt Fund and 0.12 per cent for the Sterling Corporate Bond Fund. 

The Fidelity Index UK Gilt Fund is benchmarked to the FTSE Actuaries UK Gilts Index, a widely-used market index for investors looking to measure the performance of the UK Gilt market. The Fidelity Index Sterling Corporate Bond Fund is benchmarked to the iBoxx GBP Liquid Corporates Large Cap index, a well-established and popular provider of benchmarks in the sterling corporate bond market. 

Having launched its first index fund in 1996, Fidelity extended its UK domiciled range to seven low-cost index equity funds in 2014. This move proved popular with UK investors and resulted in a number of other providers responding with price cuts to their own tracker funds. 

John Clougherty, Head of Wholesale, Fidelity International, says: “While active management remains at the heart of our business, we know that investors want choice and value when it comes to investing, whether that’s through an active fund, a tracker or both. 

“We have a well-established index equity franchise with over GBP8 billion of assets under management, and we have consistently led the market in recent years in driving down the cost for index funds. There is currently a total GBP66.5 billion invested in passive fixed income retail funds in the UK market and this is only set to increase as investors look for efficient, low cost access to the asset class.  

“Extending our passive investment capability to include our first fixed income funds reaffirms our commitment to deliver greater choice for clients.”

Latest News

MSCI has launched MSCI AI Portfolio Insights, writing that it combines generative artificial intelligence “GenAI”..
The Capgemini Research Institute’s World Wealth Report 2024, published today, reveals the number of high-net-worth..
New research from cloud security firm Zscaler reports a disconnect between European company confidence in..

Related Articles

graph
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by