Fidelity eyes up to 4% unlisted exposure for Genesis trust

Will replicate FAST Emerging Markets fund

clock • 2 min read
Nick Price will replicate the FAST EM fund
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Nick Price will replicate the FAST EM fund

Fidelity International is set to replicate the strategy of the open-ended FAST Emerging Markets fund when it takes control of the Genesis Emerging Markets trust in September, but the firm is also looking to include pre-IPO companies in the £1.2bn portfolio.

Nick Price, who manages the £371m FAST fund and will take on management of Genesis, said the trust will start off "identical" to the FAST fund in a shareholder presentation on 13 July. "Over time,...

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