Ewing and Karunathilake reshape Fidelity portfolios

Karunathilake doubles miners and cuts banks on UK Aggressive, while Ewing streamlines UK Growth to 55 stocks

Fidelity's Aruna Karunathilake has doubled exposure to miners and cuts banks by a third on his UK Aggressive portfolio since taking over last year. Meanwhile, Tom Ewing, who inherited the UK Growth fund at the same time, is taking advantage of the current disparity between the UK economy and stock market and is particularly passionate about China. Both managers stressed UK funds' reliance on international opportunities is increasing, with the average FTSE 100 company now attributing just a third of sales to the home market. This allows managers to play emerging market growth themes th...