Investment Funds
Fidelity cuts fees on indexed funds with currency hedging
From August 1st, funds indexed to the MSCI World, Europe, Japan and S&P 500 indices, with currency hedging, have reduced their fees.
12 SEPT, 2024
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The manager Fidelity has reduced the Ongoing Charges Figure (OCF) of the indexed funds with the currency hedged. This measure became effective on August 1, 2024.
In this way, the Fidelity S&P 500 Index Fund P-ACC-EUR (hedged) has gone from having an ongoing charges figure of 0.15% to 0.11%. On the other hand, the Fidelity MSCI World Index Fund P-ACC-EUR (hedged) currently has an OCF of 0.17% (previously 0.22%).
While the indexed funds Fidelity MSCI Japan Index Fund P-ACC-EUR (hedged) and Fidelity MSCI Europe Index Fund P-ACC-EUR (hedged), which previously had an OCF of 0.20%, now have 0.15%.
The following table shows the changes applied to the four indexed funds of the fund manager:
| Indexed Funds | ISIN | Old OCF | New OCF |
|---|---|---|---|
| Fidelity S&P 500 Index Fund P-ACC-EUR (hedged) | IE00BYX5N110 | 0,15% | 0,11% |
| Fidelity MSCI World Index Fund P-ACC-EUR (hedged) | IE00BYX5P602 | 0,22% | 0,17% |
| Fidelity MSCI Japan Index Fund P-ACC-EUR (hedged) | IE00BYX5NH74 | 0,20% | 0,15% |
| Fidelity MSCI Europe Index Fund P-ACC-EUR (hedged) | IE00BYX5ML46 | 0,20% | 0,15% |
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