Fidelity Fulcrum Fees Too Complex say Analysts

Performance fund fees add another layer of complexity say Morningstar analysts. Most asset managers are trying to simplify the experience of the end investor

Peter Brunt 6 December, 2017 | 4:05PM

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Fidelity has released more details of the pricing structure of the new fulcrum-fee share class that it plans to launch in 2018, following October’s announcement. While the group plans to create the new class across all its equity fund range, it is taking a phased approach to implementation, with the launch of the new class for the first batch of funds planned in March 2018 – subject to regulatory approval. 

It is important to emphasise that these new share classes require investors to opt in. The first phase includes the following open-ended funds: Special Situations W accumulation shares; European Fund W accumulation shares; Asian Dividend Fund W income shares; Global Special Situations W accumulation shares; and American Fund W accumulation shares.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity American W Acc GBP5,791.75 GBP1.15
Fidelity Asian Dividend W Inc174.70 GBP-0.23
Fidelity European W Acc2,122.16 GBP0.86
Fidelity Global Special Sits W Acc5,510.23 GBP0.64
Fidelity MoneyBuilder Dividend W INC117.00 GBP0.26
Fidelity Special Situations W Acc3,924.04 GBP0.31

About Author

Peter Brunt  is a Senior Fund Analyst for Morningstar UK

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