Fidelity Investments has launched three new mutual funds to help investors continue to build diversified investment portfolios.
The three funds include a one-fund solution for investing in developing nations and emerging markets, an international style-consistent growth fund and an enhanced asset allocation fund, according to a release.
The Fidelity Total International Equity Fund offers dedicated exposure to developed and emerging markets, including growth and value stocks and securities of small companies. The fund seeks long-term growth of capital and invests primarily in non-U.S. securities, using the MSCI All Country World ex-U.S. Index as a guide.
“We have found that - for some investors and advisers - the challenge in building diversified investment portfolios is not only in recognizing the value of investing abroad, but also in finding a suitable investment approach,” said Carolyn M. Clancy, executive vice president of Fidelity Personal and Workplace Investing.
The Fidelity International Growth Fund spreads investment across different countries and regions of the world and relies on fundamental analysis to find companies that have above-average growth potential. The fund uses the MSCI EAFE Growth Index as a benchmark.
“We believe that the broadly diversified, growth focus of Fidelity International Growth Fund makes it a solid core holding for an international portfolio, or an effective counter balance to an existing value-oriented international fund,” Clancy said.
The third new fund is the Fidelity Dynamic Strategies Fund, which aims to take more aggressive asset allocation shifts than Fidelity’s existing asset allocation funds in a wider range of underlying investments. The fund seeks to maximize total return by allocating assets among stocks, bonds, short-term and money market instruments. It seeks to outperform the Standard & Poor’s 500 Index, the Lehman Brothers U.S. Aggregate Index and the Lehman Brothers 3-Month U.S. Treasury Bill Index.
“We believe this new fund will be appealing to investors and advisors looking to allocate a portion of a diversified portfolio to a fund that is more actively managed across asset classes,” said Martha B. Willis, executive vice president of Fidelity Investments Institutional Services.
All three of the new funds are available directly to investors.