Fidelity Worldwide Investment lowers minimum investment amount

Michael Bargholz

Fidelity Worldwide Investment (‘Fidelity’) is pleased to announce that the minimum initial investment amount required in any one of its funds has been lowered from $500,000 to $25,000, across its fund range in Australia.

Previously, Fidelity’s product range has been available for a minimum initial investment amount of $500,000 or through the majority of investment platforms, at the platform minimum investment.  The launch of a wholesale fund range will ensure Fidelity’s highly regarded funds are available to advisers who prefer to buy funds directly.  Many SMSF trustees have a preference for investing directly into wholesale funds and until now they have had limited access to Fidelity funds.

The new $25,000 investment minimum applies across Fidelity’s product range available in Australia, including our award winning Fidelity Australian Equities Fund which celebrated a 10 year anniversary last month, the highly-rated Fidelity Global Equities Fund which itself reached a milestone of 15 years earlier this year, and our range of Asian equity funds.

Commenting on the announcement, Managing Director of Fidelity Worldwide Investment in Australia, Michael Bargholz, said: ‘The lowering of investment minimums is part of a long-term strategy to make Fidelity’s products more accessible and to continue to meet the changing needs of clients. Our research shows there is a buoyant market for wholesale funds.  We want to make sure Fidelity’s products are available to meet the needs of a broad section of the market.’