New products introduced over the last week include two emerging markets funds from Fidelity and a dividend equity fund from Highland Funds.
In addition, the Adams Express Company met its annual distribution commitment and Security Benefit launched a new fixed annuity.
Here are the latest developments of interest to advisors:
1) Fidelity Launches Two Emerging Markets Funds
Fidelity Investments announced Wednesday that it has expanded its emerging markets fund offering with the launch of Fidelity Total Emerging Markets Fund (FTEMX) and Fidelity Emerging Markets Discovery Fund (FEDDX). FTEMX, lead managed by 16-year Fidelity veteran John H. Carlson, seeks income and capital growth by investing in both equity and debt securities of emerging-markets issuers, and offers investors exposure to both emerging markets equities and emerging market debt through a single investment. FEDDX, managed by Ashish Swarup, seeks capital appreciation by investing in equity securities of emerging-markets issuers and provides investors access to small- and mid-sized emerging market companies.
Fidelity also published two new papers focused on emerging markets investing: “The Case for Balanced Investing in Emerging Markets” and “Structural Growth Opportunities in Emerging-Market Small-Cap Stocks.” These papers analyze the development and maturation of emerging markets, as well as the long-term investment opportunities.
2) Highland Funds Launches Dividend Equity Fund; Brookmont to Serve as Subadvisor