Fidelity succeeds through evolution

the largest asset manager in the UK attributes its success to keeping its fund managers and the launch of fund supermarket fundsnetwork

The US giant investment house Fidelity has been one of the most successful imports to the UK retail market, to the point where few actually consider it American. Starting pretty much from scratch in 1973, Fidelity Investments has grown into the largest asset manager in the UK market, with £17bn under management, commanding a 7.15% share of the fund's market in 2001 with 15%-20% of the Isa sales market. That has to be seen in the context of the group's global operation, Fidelity International, which had $104bn under management as at 31 December. In 1973 the fund management group was m...