Fidelity Worldwide Investment (FWI) is to expand its range of FAST funds with the launch of a US portfolio for manager Adrian Brass as it moves to create a US equity research desk that can "rival anything in London".
The new FAST US fund is expected to launch at the end of June and will draw on the strength of the 17-strong London-based research team it has built up over the past six months. Having previously relied on the Boston-based research team of Fidelity Management and Research (FMR), FWI now has a team of its own US analysts. The research team will feed ideas into Brass’ new portfolio, a SICAV which has been in pilot for two years and is now ready to go live. Like the other FAST funds, which include the recently launched FAST Asia fund and the popular FAST Europe fund which was soft-clo...
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