Fidelity Investments has three new funds that aim to buck the market turmoil by targeting a range of asset classes and regions and focusing on long-term returns.

The Fidelity Advisor Global Balanced fund caters to investors looking for "global equity and fixed-income exposure through a single investment," Fidelity said Wednesday. At least 25% of total assets will be in fixed-income senior securities, including preferred stock.

The Fidelity Advisor Worldwide fund targets those looking for "all-in-one global equity diversification," and the Fidelity Advisor Convertible Securities fund is for investors seeking "growth potential, regular income and diversification." Normally at least 80% of assets will be invested in convertible securities, with other potential holdings including common stocks.

All three funds are managed by Fidelity veterans.

Customer withdrawals amid financial market gyrations are roiling the fund industry. Fidelity, one of the nation's largest mutual fund managers, said last month that it fared better in 2008 than many competitors despite a 25% plunge in assets under management as a result of the market decline.

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