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Rating:Fido Adds Redemption Fees Not Rated 2.9 Email Routing List Email & Route  Print Print
Monday, December 01, 2003

Fido Adds Redemption Fees

by: Sean Hanna, Editor in Chief

Shareholders who quickly move in and out of Fidelity Advisor funds may be in for a surprise. The Boston Behemoth said Monday that it will be adding short-term redemption fees to 10 of the funds in its Advisor lineup.

The fees, which are scheduled to take effect on March 31, 2004, will be added to the international funds in the complex and will range from one percent to two percent. The move brings the total number of Fidelity funds carrying redemption fees to roughly one third of its 342 registered mutual funds.

Five funds -- Fidelity Advisor Diversified International, Europe Capital Appreciation, Global Equity, International Capital Appreciation and Overseas -- will carry a one percent redemption charge on shares sold within 30 days of purchase. A sixth fund -- Fidelity Advisor Emerging Markets Income -- will levy that fee on shares sold within 90 days of purchase.

Meanwhile, funds specializing in emerging markets and Asia will carry the steeper two percent redemption fee. The funds include Emerging Asia, Japan, Korea and Latin America.  

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