RWC adds fund range to Fidelity platform
RWC Partners added a range of its SICAV funds to Fidelity FundsNetwork platform following demand from discretionary fund managers.
The group, which offers a variety of strategies specialising in developed and emerging market equites, convertible bonds and income solutions, has agreed a deal which sees its products made available to FundsNetwork users from June of this year.
As well as its long-established funds, the agreement will also see RWC’s recently launched global emerging markets fund, headed by John Malloy, made available via the platform.
Since launch in December 2015 the fund has returned 49%, versus the benchmark’s return of 35%, with the RWC emerging & frontier markets team now managing $2.8bn on behalf of its clients.
RWC’s Gary Tuffield said: “This agreement with Fidelity FundsNetwork is another important step forward for the business, and follows significant demand for our strategies from FundsNetwork’s DFM clients.
Paul Richards, head of FundsNetwork Sales, commented: “RWC’s extensive range of investment strategies are a welcome addition to FundsNetwork. The introduction of these funds to the platform forms part of our ongoing commitment to develop and enhance our investment proposition to meet the evolving demands of the adviser market.”