UK financial services group Fidelity International has made six of its Luxembourg registered funds available to ISA investors, who can gain access through a Fidelity or a FundsNetwork ISA.
The newly available funds include three new asset classes from Fidelity – the Fidelity Funds Asian Special Situations, Emerging Markets, and Latin America equity funds. In addition, Fidelity Funds America, Euro Blue Chip and International Bond Funds have also been added to the line.
Currently, Fidelity offers 11 of its Luxembourg registered funds through its ISAs.
Peter Hicks, head of IFA channel at Fidelity International, commented: By making these six funds available inside the ISA wrapper we are fulfilling the demand to make a greater number of our popular offshore funds available to ISA investors.
Investors have the option to make a lump sum payment into the fund or through aa monthly savings plan. The initial charge on the funds will be 3.5% through an ISA, of which 3% is initial commission. A continuous commission on the equity fund will be paid at 0.5% and 0.25% on the FF International Bond Fund.