Investments  

FundsNetwork adds 12 trusts to platform

FundsNetwork adds 12 trusts to platform

FundsNetwork has added 12 investment trusts to the platform to meet demand from advisers.

In December, the Fidelity-owned platform decided to offer a range of the most popular investment trusts in the market, while also broadening its range of exchange traded funds (ETFs).

The recent move means the platform now offers advisers access to 66 investment trusts and 80 ETFs.

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Danny Wynn, head of fund partners at Fidelity International, said the platform has seen growing demand for these types of vehicles since it introduced investment trusts last year.

He added: “In advance of delivering a full brokerage service, we are delighted to be able to announce that we are expanding our range following further feedback from advisory firms.”

The investment trusts that have been added are:

Investment Manager

Investment Trust

Aberdeen Asset Managers

New India

BlackRock

BlackRock Commodities Income

New City Investment Managers

CQS New City High Yield

F&C

European Assets

F&C

F&C Capital & Income

Henderson

Henderson High Income

Invesco

City Merchants High Yield

JP Morgan

JPMorgan European Income

JP Morgan

JPMorgan Global Emerging Markets Income

JP Morgan

JPMorgan MidCap

Law Debenture Corporation

Law Debenture Corporation

SV Life Sciences Managers

International Biotechnology

 

Mr Wynn said that in the meantime, the company would continue to review and develop its proposition to support the “evolving needs” of advisers and their clients.

Adviser view:

Matthew Harris, director of Fife-based Dalbeath Financial Planning, said his firm never uses investment trusts.

He added:“It’s important that clients clearly understand the risks involved in their investments, and the added complexity that discounts, premiums, board meetings and share buybacks bring to investment trusts mean that we believe open-ended funds are just a better option.”

katherine.denham@ft.com