The Fidelity MoneyBuilder World Index Fund launched on 10 December and has an estimated total expense ratio of 0.3%. For retail investors, it has minimum investment of £500 or £50 a month through a regular savings plan.
The MSCI World index covers large and mid-cap companies in 24 developed markets and currently has 1,623 constituents.
Technology giant Apple is the index’s largest constituent, followed by oil and gas corporation Exxon Mobil and conglomerate General Electric. Some 54% of the index is in the US, with 9.5% in the UK and 8.2% in Japan.
Fidelity last added to the low-cost MoneyBuilder range, which is a mix of actively managed and passive vehicles, in November with the launch of the Fidelity MoneyBuilder US Index Fund.
There are now eight active or passive funds in Fidelity’s MoneyBuilder range, plus the MoneyBuilder Cash ISA.
