Southeast Asians are being offered alternative access to funds investment with the launch by Fidelity Investments Management of a mutual fund contest on the Internet.
The US-based fund manager, which claims to be the first in Asia to launch such a contest, said yesterday that it was aimed at spurring more fund investments on the user-friendly Internet.
Fidelity retail marketing director Lisa Popick said the contest was also an effort to increase the group's presence in the region.
Open to all Southeast Asian residents, the competition - offering Fidelity mutual fund purchases as prizes - is free of charge.
Participants will build and manage a 'portfolio' of US$100,000 for three months.
The portfolio which increases the most in market value by the end of August will win US$5,000 towards their next Fidelity mutual fund purchase.
