Fidelity Investments has introduced three new Fidelity Advisor Funds: Fidelity Advisor Global Balanced Fund, Fidelity Advisor Worldwide Fund and Fidelity Advisor Convertible Securities Fund. According to the company, the aim of the funds is to provide financial advisors and their clients with greater choice across asset classes and geographies.
All of the new funds will offer Class A, T, B, C and institutional shares.
“In these unprecedented times of global market volatility, the fundamentals of asset allocation remain as important as ever,” says Martha B. Willis, executive vice president, Fidelity Investments Institutional Services Company.
Fidelity says its global-balanced fund may appeal to investors looking for global equity and fixed-income exposure in a single investment. The world fund is targeted at investors who want an all-in-one fund for global-equity diversification via holdings in common stocks issued anywhere in the world And the new convertible-securities fund is targeted at investors looking for growth potential, regular income and diversification.