Fidelity Life hooks up with global giant
KiwiSaver provider Fidelity Life has teamed up with giant global investment manager Dimensional to launch two new funds.
Wednesday, February 27th 2013, 8:13AM 1 Comment
by Niko Kloeten
Fidelity Life is launching the Asset Class Conservative Kiwi Fund and the Asset Class Growth Kiwi Fund, which will both have DFA Australia (Dimensional) as their primary fund manager.
Dimensional manages more than US$270 billion in assets globally.
It has close links with leading academics in the field of modern finance, including Gene Fama and Ken French and Nobel Laureates Merton Miller, Myron Scholes and Bob Merton.
Normally, access to investing with Dimensional in New Zealand is restricted to a select number of accredited financial advisers and institutions; however, the Fidelity KiwiSaver Scheme now allows KiwiSaver members the opportunity to utilise the Dimensional investment approach.
Further details about the funds and Fidelity’s deal with Dimensional will be provided at a briefing today.
Niko Kloeten can be contacted at email@example.com
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