The new funds cover Europe ex-UK, Japan, Pacific ex-Japan, and emerging markets. Fees start at 0.09%, including the annual management charge and other additional expenses.
Institutional asset manager Geode Capital Management will run the new funds.
“Advisers have told us they want access to a wide range of investment strategies to meet the needs of their clients in a post-RDR world. We recognise that index funds are increasingly an important part of an advisers’ investment recommendation, particularly in models,” Jon Everill, head of FundsNetwork Advisory Services, said.
The following seven funds are available:
- The Fidelity Index UK Fund tracking the FTSE All Share at an ongoing charge of 0.09%
- The Fidelity Index US Fund tracking the S&P 500 at an ongoing charge of 0.09%
- The Fidelity Index Japan Fund, tracking the MSCI Japan at an ongoing charge of 0.15%
- The Fidelity Index Europe ex-UK Fund tracking the MSCI Europe ex-UK index at an ongoing charge of 0.16%
- The Fidelity Index World Index Fund tracking the MSCI World Index at an ongoing charge of 0.18%
- The Fidelity Index Pacific ex-Japan Fund tracking the MSCI Pacific ex-Japan index at an ongoing charge of 0.20%
- The Fidelity Index Emerging Markets Fund tracking the MSCI Emerging Markets index at an ongoing charge of 0.27%
“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,” Ben Waterhouse, head of UK retail sales at Fidelity Worldwide Investment, said.
