Fidelity has plans to cap its newly launched UK Opportunities fund at around £250m to enable manager Alex Wright to continue to manage the portfolio effectively.
The small cap focused fund was launched to the retail market on 10 February and is currently £7m in size, after rolling over money from the institutional version of the portfolio. However, Fidelity is already looking ahead to what could be a manageable size for this type of fund, which aims to invest in companies that have underperformed but have potential for change and recovery unrecognised by the market. The fund sits in the IMA Smaller Companies sector where only eight funds out of a total of fifty eight are currently above the £250m level. The largest is Standard Life UK Small...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
