Uncorrelated opportunities remain elusive

As uncorrelated global investment opportunities become less obvious, companies are increasingly introducing Ucits III powers to strategies

As uncorrelated investment opportunities become harder to find, Fidelity International is looking to introduce strategies taking increasing advantage of Ucits III powers. Michael Gordon, global CIO at Fidelity, said the group would look to expand into multi-asset strategic vehicles, as these would use its research more effectively. Traditionally, groups could only buy and hold investments and avoid the stocks they did not want, he added. However, Ucits III rules offer a range of options to expand and extend investment strategies. These could include funds encompassing the range of global...