Fidelity Multi Asset Open Defensive

Quick Stats

Bid Price - Offer Price -
Mid Price GBX 119.40 Day Change GBX 0.10 (-0.17%)
Price Date 21 Feb 2017 Crown Rating 3
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
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.50 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 0.00
ISIN GB00BC7GXK56 Min TopUp (£) 250.00

Fund Objective

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.

Fund Managers

Eugene Philalithis
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.