Manager of European Opportunities has produced top-decile five-year returns, despite being underweight in runaway industrial and resource names
Ask any adviser to name Fidelity's top-performing European manager and few would plump for Colin Stone. While Anthony Bolton's European successor Tim McCarron has been attracting the inflows - his fund is the largest in the Europe ex UK sector at £4.7bn - it is Stone, himself a former assistant to Bolton, who has been generating the top-decile returns. Five years after taking over management of European Opportunities, the fund places fourth in its peer group having generated a return of 164.1%, according to Morningstar data. His 90-stock fund is also top decile over one year to 11 Feb...
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