Fidelity Investments added 225 funds from eight outside firms this week to its mutual fund supermarket for financial planners.
The new offerings are from Alliance Capital Management, Franklin Resources Inc., GT Global Financial Services, Zurich-Kemper Investments, Keystone Investments, Massachusetts Financial Services, Nicholas Applegate, and Phoenix Duff & Phelps Corp.
The additions boost the number of funds offered through Fidelity's Institutional FundsNetwork by 25%, to 1,238.
The funds, available only to registered investment advisers, are sold without loads or transaction fees.
Expanding fund selection for planners "makes it possible for our investment advisers to offer their clients an extremely competitive investment product at a very low cost," said Mark Collier, president of Fidelity's Investment Advisor Group.