RWC adds SICAVs to Fidelity FundsNetwork platform
RWC Partners, has launched a range of its SICAV funds on the Fidelity FundsNetwork platform following demand from discretionary fund managers.
The group, which offers a variety of strategies specialising in developed and emerging market equites, convertible bonds and income solutions, has agreed a deal which sees its products made available to FundsNetwork users with immediate effect.
As well as offering RWC’s long-established funds, the agreement will also see the company’s recently launched Global Emerging Markets fund, headed by John Malloy, made available via the platform.
According to RWC’s statistics, since launch in December 2015 the fund has returned 49%, versus the benchmark’s return of 35%, with the RWC Emerging & Frontier Markets team now managing US$2.8bn on behalf of its clients.
RWC said in a statement announcing the deal, that the agreement with Fidelity FundsNetwork is “another important step forward” for the business, and follows “significant demand” for the company’s strategies from FundsNetwork’s DFM clients.
RWC Partners has grown from AUM of US$3.6bn, at the end of May 2012, into a US$11.2bn investment organisation according to the latest statistics.