Fidelity Investments has expanded its line-up of asset allocation funds available through financial advisors with the launch of Advisor classes of the Fidelity Asset Manager funds.
The Advisor classes now available include:
- Fidelity Advisor Asset Manager 20%,
- Fidelity Advisor Asset Manager 50% and
- Fidelity Advisor Asset Manager 85%.
Additionally, Fidelity Advisor Asset Allocation Fund has been renamed Fidelity Advisor Asset Manager 70%. Each of the Fidelity Advisor Asset Manager funds will be available with Class A, T, B, C and Institutional shares. Fidelity now offers advisors and their clients access to a family of 88 Advisor funds, according to a press release.
Each Advisor Asset Manager fund is managed to a neutral target asset mix that ranges from conservative to aggressive, and each fund name reflects the anticipated equity allocation percentage for each fund. For example, Fidelity Asset Manager 20% is managed to typically have approximately 20% of its assets invested in stocks.
Managed by 37-year Fidelity veteran Richard Habermann, Fidelity Advisor Asset Manager funds actively allocate assets across stocks, bonds and short-term securities. Habermann will have access to various internally-managed sector portfolios run by members of Fidelity’s analyst team.
For more information, advisors may visit https://advisor.fidelity.com