Fidelity adds manager trio to direct fund platform
It has included Aberdeen Asset Management, First State Investments and Investec Asset Management to its open-architecture offering. But Cerulli sees difficulties with the model.
Aberdeen Asset Management, First State Investments and Investec Asset Management have become the latest to be added to Fidelity Worldwide Investments’ open funds platform.
The additions bring the number of external managers on the FundsNetwork platform to 13. A combined 30 funds were added, taking the total to 220 that are available to retail investors in Hong Kong.
Fidelity is set to add two more managers, as previously reported. But Bruno Lee, Fidelity’s regional head of retai…
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