Fidelity cuts fee on global and EM funds

2 October 2018
| By Oksana Patron |
image
image
expand image

Fidelity International has announced it will reduce the management fee on both the Fidelity Global Emerging Markets Fund and Fidelity Global Equities Fund to 0.99 per cent.

This would represent a fee reduction of 0.31 per cent on the Fidelity Global Emerging Fund and 0.16 per cent on the Fidelity Global Equities Fund, the company said.

Additionally, the fee for the hedged version of Fidelity’s Global Equities Fund would be cut to 1.04 per cent.

Fidelity International said it invested A$418.9 billion globally on behalf of clients in the Asia-Pacific, Europe, the Middle East and South America.

The Fidelity Global Equities Fund is a diversified portfolio of 80-120 global firms and managed by Amit Lodha, while the Fidelity Global Emerging Markets Fund, managed by Alex Duffy, typically invests in a concentrated portfolio of 30 to 50 companies across emerging markets.

Managing director, Australia, at Fidelity International, Alva Devoy said: “As we approach the end of the economic cycle, never has it been more important for Australian investors to diversify their holdings.”

“We believe Global and Emerging Markets funds are a great option to help them do this and this latest fee reduction makes it even more attractive to access Fidelity’s expertise.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

Shadow treasurer Angus Taylor has vowed to slash red tape and introduce a suite of financial services reforms aimed at transforming Australia into a leading financial hub...

14 hours ago

Deglobalisation is emerging as a major driver of infrastructure debt opportunities as regions onshore vital industries, a superannuation fund-owned manager has said....

14 hours ago

Australian superannuation funds are grappling with heightened global instability, as US policy shifts create a volatile backdrop for investment strategies....

14 hours ago

TOP PERFORMING FUNDS