Fidelity launches Moneybuilder US index fund

Fidelity Worldwide Investment has added to its Moneybuilder range with the launch a US index fund.

The Fidelity Moneybuilder US Index fund will track the S&P 500 index and joins Fidelity’s other Moneybuilder funds, including the Balanced, Dividend, Global, Growth, Income and UK Index funds.

The fund will be available for an estimated total expense ratio of 0.3 per cent with no initial charge at launch. Minimum investment in the fund is £500.