Fidelity Worldwide Investment will roll out low-cost versions of its three multi-asset funds, Financial Times reports. The Multi-Asset Allocator funds will follow the same active asset allocation and investment process as the existing multi-asset funds but will trade only in index portfolios. The funds will be launched on October 10. These multi-asset funds are managed by asset allocation director Trevor Greetham. The funds, to be known as Defensive, Balanced and Growth, will be able to invest in cash, bonds, property shares, equities and commodities.
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