Alex Wright can rise to the challenge of running Fidelity Special Situations alongside Fidelity Special Values, his trust's board has reassured, as the star small cap manager caps his first year on the closed-end fund with a 63% rise in its share price.
Dennis Pellerito is one of two former employees rejoining Fidelity to bolster its sales presence among UK intermediaries.
David Jehan is to run a covered call overlay strategy for the new Fidelity Global Enhanced Income Fund that is due to be launched on 3 October.
Marketing rhetoric always puts the customer slap bang in the centre of whatever proposition, product or service a company provides. Understandably, what this often ends up with is a proliferation of ‘me too’ offerings, with anything successful simply being copied by the competition.
European funds are the best performers over 20 years, FE data shows, yet six times in the past 10 years Europe has been the worst selling retail sector, according to IMA statistics.
Fidelity has launched the latest fund in its Fidelity Active Strategy (FAST) range, a US equities-focused fund which has a flexible investment framework.
Anthony Bolton will retire from active fund management when he hands over the reins of Fidelity China Special Situations plc to investment trust novice Dale Nicholls on 1 April next year.
The share price of Jupiter and Fidelity favourite Lloyds Banking Group jumped 4% in early trading in London on news the bank had generated profits of £2.05bn in the first quarter of the year.
Cofunds has announced plans to offer 3,000 clean fee share classes by July, up from 2,700 now, while Fidelity FundsNetwork's aim by June is only a third of that level at 1,000, Portfolio Adviser can reveal.
Fidelity has added its two multi-asset ranges to FundsNetwork, and is launching a pair of new Allocator funds on the platform too, it announced today.
Today is the third anniversary of the launch of Anthony Bolton's Fidelity China Special Situations, but has it been a career risk worth taking?
Inflows into Mexican funds hit the highest level on record this week as $520m poured into funds focused on the country.
