Fidelity Multi Asset Open Defensive
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 120.00||Day Change||GBX -0.10 (-0.08%)|
|Price Date||20 Jan 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||0.00||Fund Size||8,000,000.00|
|Launch Date||21/01/2013||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.50||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BC7GXJ42||Min TopUp (£)||250.00|
Aims to provide long-term growth.Invests in a range of global assets to gain exposure to global markets mainly in bonds and cash, however, it is intended that the fund may also have exposure to equities, property and commodities. Invests in funds and may also invest in transferable securities, money market instruments, cash and deposits.It is anticipated that as an ''open'' fund, investment shall be made in both funds managed by third party fund providers and funds managed by Fidelity and in such proportions as the investment manager may decide in pursuit of the investment strategy.Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes.Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. May also make extensive use of derivatives including more complex instruments or strategies to achieve the investment objective and these may result in leverage. In such situations performance may rise or fall more than it would have done otherwise, reflecting such additional exposure.The fund has discretion in its choices of investments within its objectives and policies.Income is accumulated in the share price.Shares can usually be bought and sold each business day of the fund.Gross paying shares may be held by, or on behalf of, certain eligible categories of UK resident investors.This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Eugene Philalithis joined Fidelity in 2007 as a Portfolio Manager, with a focus on fixed income and alternatives. Eugene manages a number of multi asset funds with internal and open architecture for both retail and institutional clients. He has currently 17 years of investment experience which includes Russell Investment in London and Canadian Imperial Bank of Commerce in Singapore. Eugene has a Bachelor or Engineering and an MBA, both from Imperial College, London.