(The following press release from Edelman Public Relations was received by
Fidelity Wealth partners with five asset managers to expand offerings on open
* 42 funds added to FundsNetwork
* Only asset manager to offer third-party funds to retail investors in
HONG KONG, 3 December 2012 - Fidelity Worldwide Investment ('Fidelity') has
added five fund houses, AXA Investment Managers, Franklin Templeton
Investments, Janus Capital Group, PIMCO and Robeco Group, to its open fund
platform, FundsNetwork, which offers a broad range of funds managed by Fidelity
and other global asset managers.
The move brings the total number of fund providers and funds offered by
FundsNetwork to 11* and 337 respectively. Fidelity Wealth's customers can
compare and filter funds via their designated Private Client Manager as well as
on Fidelity's web and mobile sites.
Bruno Lee, Regional Head of Retail, Asia ex Japan at Fidelity Worldwide
Investment, said: "A comprehensive fund range is crucial as each client has
different investment needs and a different risk appetite. After the addition of
42 funds, our FundsNetwork covers a wide range of asset classes which Fidelity
Wealth's customers can construct their investment portfolios around to adapt to
different market cycles on one platform. We will continue to expand our network
of fund partners to provide more choice to customers.
"Fidelity is a pioneer in fund distribution as we are the only asset manager in
Hong Kong to offer third-party funds to retail investors. FundsNetwork was
launched in Hong Kong in 2009 to meet the diverse investment needs of Hong Kong
people. We are committed to providing investors with a wide array of fund
choices beyond our own funds."
According to figures from the Hong Kong Investment Funds Association, the fund
industry in Hong Kong has registered US$9,647 million in net sales during the
first three quarters of 2012, a 58% increase compared with the same period last
year, signalling continued appetite for mutual fund products among Hong Kong
"As one of the world's largest asset managers, boasting a sizeable global
investment team, our ability to tap our global resources and research
capabilities puts us at an advantage and enables us to guide our customers on
managing their investments amid volatile markets," added Mr. Lee.
* The 11 fund houses include: AXA Investment Managers, BNP Paribas Investment
Partners, Fidelity Worldwide Investment, Franklin Templeton Investments,
Henderson Global Investors, Janus Capital Group, Martin Currie, PIMCO, Robeco
Group, Schroders Investment Management (Hong Kong) Limited and Skandia
This press release is distributed through Edelman Public Relations on behalf of
Manager, Corporate Communications
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Notes to editors:
About Fidelity Worldwide Investment
Fidelity Worldwide Investment is one of the global leaders in asset management,
providing investment products and services to individuals and institutions in
the UK, continental Europe, the Middle East and Asia Pacific. Established in
1969, the company has over 5,000 staff in 24 countries and manages or
administers client assets of US$289.4bn. It has over 7 million customer
holdings and manages around 700 equity, fixed income, property and asset
allocation funds. The company's fund managers receive research from one of the
largest proprietary research teams, based in 12 countries around the world.
Fidelity Worldwide Investment is an independent asset management company which
is privately owned.
Data as at 30 September 2012
FIL Limited and its subsidiaries are commonly referred to as Fidelity or
Fidelity Worldwide Investment. Fidelity only gives information about its
products and services. Any person considering an investment should seek
independent advice on the suitability or otherwise of the particular
investment. Investment involves risks. Past performance is not indicative of
future performance. Please refer to the relevant offering documents for further
information including the risk factors. If investment returns are not
denominated in HKD or USD, US/HK dollar based investors are exposed to exchange
rate fluctuations. Fidelity, Fidelity Worldwide Investment, the Fidelity
Worldwide Investment logo and F symbol are trademarks of FIL Limited. The
material is issued by FIL Investment Management (Hong Kong) Limited and it has
not been reviewed by the Securities and Futures Commission ("SFC").
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