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.’