Fidelity platform restricts investment into Jupiter UK Mid Cap

30 December

clock • 1 min read

Fidelity International has restricted new investment into the Jupiter UK Mid Cap fund for certain customers.

According to a statement posted on their website, they believe the decision is "in the best interest of our customers" and they will still be able to redeem holdings. A spokesperson from Fidelity International said the decision, which was effective as of the 30 December, applied to customers on its Personal Investing platform and execution-only customers of Fidelity Adviser Solutions. "Advisers and DFMs using Fidelity Adviser Solutions may continue to fully access the fund on behalf of their clients," the spokesperson added. The fund was down 38.9% in 2022, until the end of Novembe...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

Retail access to crypto ETFs to face Consumer Duty hurdles even if 'unlikely' UK approval granted

Retail access to crypto ETFs to face Consumer Duty hurdles even if 'unlikely' UK approval granted

Platform concerns over investor protections

Valeria Martinez
clock 17 January 2024 • 3 min read
FCA raises alarm on platforms' handling of customer cash interest

FCA raises alarm on platforms' handling of customer cash interest

Cracks down on ‘double dipping’

Sahar Nazir
clock 12 December 2023 • 1 min read
LTAFs elude retail investors as platforms shun Innovative Finance ISA

LTAFs elude retail investors as platforms shun Innovative Finance ISA

Following Autumn Statement plans

Cristian Angeloni
clock 07 December 2023 • 3 min read
Trustpilot