• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Equities

Fidelity to merge away £450m Moneybuilder fund

Fidelity's Leigh Himsworth
Fidelity's Leigh Himsworth
  • Beth Brearley
  • 15 May 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Fidelity is merging the £449m Fidelity MoneyBuilder Growth fund into the £85m Fidelity UK Opportunities fund.

The firm said the two funds - both run by Leigh Himsworth - "share many investments in common" and investors may find it difficult to decide which to invest in.

Related articles

  • Ex-Gartmore duo Roberts and Himsworth return to run money for Eden Financial
  • Himsworth: What I have learned from a decade running money
  • City Financial acquires OPM Fund Management
  • Rathbones plans to launch sustainable multi-asset portfolios

The merger is due to take place on 24 June, subject to shareholder approval.

"Both funds have relatively concentrated portfolios of around 40 UK-listed companies and have the same reference index in the FTSE All Share," a Fidelity spokesperson explained.

"The two funds also have a similar risk-return profile that may make it difficult for new investors to identify which fund may be most suitable for them.

"Merging them will simplify our fund range and will see a reduction in the ongoing charges for the UK Opportunities fund, with the OCF of the W share class falling from 0.95% to 0.67%.

"Over three years the MoneyBuilder Growth fund - which launched in 1994 - has returned 20.1% against the 28.4% average return of the IA UK All Companies sector, while the UK Opportunities fund - which sits in the same sector - has returned 17.3% over the same period, FE data shows.

 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Equities

More on Equities

T. Rowe Price opens investment research office in Shanghai

  • Equities
  • 02 March 2021
Comment: Can equities tolerate higher bond yields?

  • Comment
  • 26 February 2021
Comment: Navigating equity markets in the year ahead

  • Comment
  • 21 January 2021
M&G taps Value Partners for £500m Chinese equities mandate

  • Equities
  • 16 December 2020
Global equities tumble on covid-19 fears and US jitters

  • Equities
  • 27 October 2020
Back to Top

Most read

HSBC appoints CEO for the Middle East region
HSBC appoints CEO for the Middle East region
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
Nordic Fund Selector of the Year 2021 shortlist announced
Nordic Fund Selector of the Year 2021 shortlist announced
UK Budget: Sunak freezes lifetime allowance for pensions contributions
UK Budget: Sunak freezes lifetime allowance for pensions contributions
Europe's wealth mangers increasingly focusing on Bitcoin: survey
Europe's wealth mangers increasingly focusing on Bitcoin: survey
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading