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Fidelity launches first investment iPhone app

Check out fund performance on your phone

Apple iPhone 4 includes HD screen

Fidelity International has launched the UK’s first asset management iPhone application, letting you check out how your investments are performing on your Apple iPhone or iPod Touch. 

The Fidelity app allows you to search through over 1,100 funds that are available through its fund supermarket, Fidelity Funds Network. You can access a whole host of information including fund prices, past performance over the last five years, the fund’s currency and size and its annual management charge.

Fund information on the go

If you have a portfolio with a range of funds, you can add them as favourites and regularly check to see how they are performing.

Fidelity’s Funds Network gives you access to information on a range of unit trusts, OEICs and investment trusts. The app comes with daily updated breaking news on the markets as well as expert opinions from Fidelity’s fund management team on all things financial.

However, Fidelity’s most unique pitch allows you to call the company directly from the application to purchase the fund you are interested in.

By doing this, Fidelity says that you will typically get a 3% discount on the initial charge, bringing it down from around 4.25% to 1.25%.

Which? says

Which? investment expert Gareth Shaw commented: ‘This is a nifty little application that gives you basic information on funds that is much more easily digestible than those offered by the likes of Morningstar and Bloomberg.

‘The performance figures give you a good idea of how the fund has done for a reliable period of time. But it falls down by only providing the annual management charge of the fund and not the total expense ratio, which includes all the yearly costs you will incur.

‘Investing in funds is a big decision, and doing so on your own takes knowledge and a strong idea of your investment goals and attitude to risk. If you are not very familiar or confident with investing, it would be wise to consider seeing an independent financial adviser.’

Emergency budget

Chancellor of the Exchequer George Osborne will deliver the government’s emergency budget on Tuesday 22 June, and you can follow his speech as it happens on the Which? Money 2010 emergency budget liveblog. 

Sign up now for an email reminder to join us for the Chancellor’s budget speech, and come back to www.which.co.uk/emergencybudget on the day to get the Which? Money take on the budget and to add your questions and comments. 

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