Fidelity Expands Offering with the Addition of Two Liquid Alternatives Mutual Funds

Fidelity Investments announced the expansion of its alternative investments product lineup with the launch of two liquid alternatives (liquid alts) mutual funds—Fidelity Macro Opportunities Fund and Fidelity Risk Parity Fund.

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The new funds are available from 12 July 2022 and distributed through financial advisors and intermediaries.

The funds will be managed by Fidelity Diversifying Solutions LLC, an investment adviser that was established to support the growth of Fidelity's alternatives investment capabilities and development of alternative products and solutions.

As alternative strategies, the funds will invest in both traditional and non-traditional asset classes – at times using more complex investment and trading strategies than more traditional mutual funds.

"In any market environment, we believe that portfolio diversification is critical and see liquid alts as a potential opportunity for advisors to round out an investor's portfolio through alternative sources of alpha and strategies that are generally less correlated with broader financial markets,"said Vadim Zlotnikov, president of Fidelity Asset Management Solutions.

"Fidelity is making a significant strategic commitment to creating world-class alternative investment capabilities and leveraging its strength and scale to develop and deliver innovative products and solutions that help meet the evolving needs of our clients,"continued Zlotnikov.