Fidelity stems flows into Wright's UK small-cap fund

Fidelity is to restrict inflows into Alex Wright's UK Smaller Companies fund in an effort to preserve performance.

The group is removing the fund from all platforms, including Fidelity FundsNetwork, on 15 April to ensure Wright (pictured) does not encounter liquidity issues due to the fund's swelling size. The fund was below £80m in size last summer but is now on the verge of moving past the £250m mark following strong inflows and market outperformance. Wright is top of the IMA UK Smaller Companies sector over the past five years, returning some 189.6% in the half-decade to 22 March compared with a sector average of 64.1%. It has also outperformed on a one-year view, returning 36.1% compared wi...