Fidelity Global Property Fund launched

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Fidelity Global Property Fund launched

Tue 17th Jan 2006

Fidelity International has announced the launch of its Global Property Fund, which will allow customers to invest in property around the world from £50 a month.

The structure of the Fidelity Global Property Fund means that customers will be able to spread their money around thousands of properties, ranging from prison blocks in the US to malls in Japan.

Richard Wastcot, managing director of Fidelity International in the UK, said that the product was launched due to "strong demand from savers for a more diversified means of investing in property".

Fidelity claims the fund can offer an annual return of between seven and nine per cent, with real estate investment trusts (Reits) forming the core of the investment.

REITs are expected to grow in value by ten per cent annually and will "exceed $1 trillion by 2010", according to Fidelity.

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