Fidelity is planning an initial £630m capital raising for Anthony Bolton's China Special Situations PLC.
Fidelity Special Situations fund manager Sanjeev Shah remains bullish on the long term prospects for banks, believing the sector is a strong multi-year story for investors.
Sotiris Boutsis has assumed control of Fidelity's offshore Global Financial Services fund, replacing Tal Eloya.
Anthony Bolton has committed to at least two years running Fidelity's new China fund.
Japan's economy was one of the first to officially leave the recession and is now expected to grow faster than other developed nations, according to IMF forecasts.
Fidelity will stop actively marketing its long/short FAST Europe fund to new investors, after seeing it grow four-fold over the past year.
Cautious managed funds closed the gap on the top selling UK Corporate Bond sector on Fidelity FundsNetwork last month, seeing 11% of total inflows on the platform.
Fidelity South East Asia manager Allan Liu shares his thoughts on Asian markets rebounding strongly in 2009
Financial and consumer stocks are leading the European rally as corporate earnings continue to show strong signs of recovery, according to Fidelity International research.
Investors are continuing to look East for current equity opportunities, with a number of Asia-focused funds among the top sellers on Fidelity FundsNetwork in July.