Fidelity's Stavis to leave group on sabbatical

Fidelity's John Stavis is to leave the group for a six-month sabbatical, handing his two UK funds to...

Fidelity's John Stavis is to leave the group for a six-month sabbatical, handing his two UK funds to analysts. The £653m Income Plus fund passes to Michael Clark while the £226m Growth + Income goes to Matt Siddle, who will also run the equity portion of MoneyBuilder Balanced. Both are long-term analysts at the group and have been running dummy portfolios since last year. This follows Tom Ewing taking on UK Growth and Aruna Karunathilake UK Aggressive at the start of the year. Stavis also runs the higher income portion of the £1.1bn Edinburgh Investment Trust, which the board single...