Fidelity International has entered into a partnership with Flying Colours Investment Management (FCIM) to launch two custom-designed OEIC funds.

The Fidelity ProsperityBuild Fund and Fidelity ProsperityShield Fund are exclusively available to clients of Flying Colours Advice, a sister company to FCIM.

FCIM appointed Fidelity to create the two bespoke funds, which are designed to meet the investment needs and objectives of their clients, focusing on growth and capital preservation strategies.

The Fidelity ProsperityBuild Fund aims to provide long-term capital growth by utilising Fidelity’s global equity research capabilities to build a diversified portfolio of high-conviction stocks.

The fund looks to translate fundamental insights into consistent equity exposure using a framework, giving investors an adaptable way to access Fidelity’s global fundamental research platform.

Meanwhile, the Fidelity ProsperityShield Fund seeks to achieve capital preservation and low volatility, while maintaining the potential for upside.

It employs a dual-component strategy with offensive and defensive sleeves, aiming to utilise top-down asset allocation and tactical flexibility.

This framework looks to position the portfolio to deliver a consistent return premium over cash and better risk-adjusted returns than traditional global aggregate bonds.

“We are delighted to be working with FCIM on these customised products and are excited about growing our partnership in the future,” said Fidelity International head of wholesale, UK, Dennis Pellerito.

“This collaboration shows how our extensive research expertise and investment capabilities allow us to create bespoke and innovative solutions, enabling our partners to add and deliver exceptional value to their clients in a competitive marketplace."

FCIM investment director, Renzo Desbordes, added: “The launch of this kind of partnership with Fidelity represents a pivotal moment for Flying Colours.

“By aligning with a globally respected institution, we’re unlocking access to high-quality investment strategies and research capabilities that would otherwise be out of reach for individual clients.

“This collaboration not only enhances portfolio construction and diversification but also sets a new standard for innovation and value in the model portfolio service space.”

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