Many SMSFs have a preference for investing directly into wholesale funds and, until now, have only had limited access to Fidelity Worldwide Investment funds.
However, Fidelity has announced that along with the launch of a wholesale fund range, it has lowered its minimum initial investment amount from $500,000 to $25,000. The new minimum amount applies across Fidelity’s product range available in Australia.
The launch of the wholesale fund range will also ensure Fidelity's funds are available to advisers who prefer to buy funds directly.
“The lowering of investment minimums is part of a long-term strategy to make Fidelity's products more accessible and to continue to meet the changing needs of clients,” said managing director of Fidelity Worldwide Investment in Australia, Michael Bargholz. “Our research shows there is a buoyant market for wholesale funds. We want to make sure Fidelity's products are available to meet the needs of a broad section of the market.”
Fidelity’s fund range includes its award-winning Fidelity Australian Equities Fund, the highly-rated Fidelity Global Equities Fund, and its range of Asian equity funds.
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