Fidelity retail platform expands ETF range

ETFsFidelity International has expanded the range of exchange-traded funds (ETFs) and investment trusts available on its consumer platform. Fidelity Personal Investing has added 16 ETFs to its direct-to-consumer platform bringing the total number of ETFs offered to 76. Providers include ETF Securities, HSBC, iShares and Vanguard. The UK’s retail distribution review, by ending rebates paid by funds to fund distributors, is increasing the number of ETFs made available by intermediaries in the retail market. ETFs do not traditionally pay rebates. Jonathan Hewitt, head of Fidelity Personal Investing, said: “Having a broad range of investment choice is fundamental when building a diverse investment portfolio. With this in mind we’ve made significant additions to our existing range of investment options to include the most popular investment trusts and ETFs in the market.” Fifty-four of the most popular investment trusts on the market, from providers such as Aberdeen Asset Management, Baillie Gifford, JP Morgan Asset Management and Woodford Investment Management, have been added, as well as five of Fidelty’s own. The funds and trusts are available online through the firm’s self-invested personal pensions, investment savings accounts and investment fund accounts. Fidelity manages assets of around €1.9 trillion. ©2016 funds europe

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