Fidelity shutters Eugene Philalithis' Diversified Growth fund

£184m in assets under management

Valeria Martinez
clock • 1 min read

Fidelity International has closed its Diversified Growth fund after it became “too small” to manage effectively.

The fund held £184m assets under management at the time of closure. According to Morningstar Direct, the strategy reached its peak in November 2015 with £325m AUM. The Diversified Growth fund aimed to achieve long-term capital growth while limiting volatility. It followed a multi-asset approach and investing globally into a broad range of asset classes based on their risk profile. Manager Jeremy Podger and multi-asset head Eugene Philalithis to retire from Fidelity A Fidelity International spokesperson said: "We regularly review our range of products. We took the decision that the ...

To continue reading this article...

Join Investment Week for free

  • 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

Join now


Already an Investment Week


More on Funds