Fidelity has launched four tracker funds for a range available exclusively through the company’s platform, FundsNetwork.
The group has added Europe ex UK, Japan, Pacific ex Japan and Emerging Markets trackers alongside existing funds investing in the UK, US and globally. The US and UK trackers have ongoing charges of just 9 basis points, among the lowest in the industry.
The four new funds are run by Geode Capital Management, a US-based former subsidiary of Fidelity.
The seven-strong passive range is as follows:
| Fund | Index tracked | Ongoing charges |
| Fidelity Index UK | FTSE All Share | 0.09% |
| Fidelity Index US | S&P 500 | 0.09% |
| Fidelity Index Japan | MSCI Japan | 0.15% |
| Fidelity Index Europe ex UK | MSCI Europe ex UK | 0.16% |
| Fidelity Index World | MSCI World | 0.18% |
| Fidelity Index Pacific ex Japan | MSCI Pacific ex Japan | 0.2% |
| Fidelity Index Emerging Markets | MSCI Emerging Markets | 0.27% |
Ben Waterhouse, head of UK retail sales at Fidelity, said: “While active management remains at the core of Fidelity’s investment philosophy, we are pleased to be able to meet the growing demand for index funds by bringing Geode’s proven passive capability to the UK market.
“Furthermore, through our partnership with FundsNetwork we are offering advisers access to this range at extremely competitive rates.”
