Fidelity tilts investment focus increasingly to sector analysis

Fidelity is increasing its focus on sector analysts as it sees the increasing globalisation of stock...

Fidelity is increasing its focus on sector analysts as it sees the increasing globalisation of stocks leaning away from country specific stockpicking. Simon Fraser, chief investment officer at Fidelity, said: "Our resources in terms of fund managers and traders has also increased. At the beginning of 1996 we had 13 fund managers in our London team, now we have 18. A few years ago we moved our coverage to a pan-European approach, more recently we have moved our coverage in line with changing market weights." The group has moved from having only two analysts covering technology and telecoms...