Fidelity

Managers have welcomed the €109bn bailout plan for Greece agreed by European leaders yesterday, saying although sovereign debt crisis is not over, the latest plans are a step towards a solution.

Fidelity's US manager Aris Vatis backing US financials after claiming they are trading at rock bottom levels.

Old Mutual Asset Manager's Stewart Cowley and Fidelity's Trevor Greetham have clashed over the success of the measures being undertaken to aid the recoveries in the UK and US.

ON BONDS

Anthony Bolton, veteran investor and manager of Fidelity's £635m China Special Situations investment trust, has tipped the long-running bull market in gold to continue amid ongoing economic woes across the globe.

Anthony Bolton's China Special Situations investment trust saw performance take a hit from the cost of options he took out to protect against the political situation in Korea.

Alliance Trust has appointed Ilario Di Bon, former manager of the Fidelity Global Opportunities fund, as its global head of equities.

Fidelity has launched an onshore OEIC version of its $700m Emerging Asia fund, run by Teera Chanpongsang, after three years of outperformance from the offering.

Leading fund managers are moving to snap up ‘cheap' UK banks after a dismal year which saw them drop in value as markets raced higher.

Andy Weir, the manager of Fidelity's Global Inflation Linked Bond fund, has said he expects inflation to peak below 5% later this year, after the official reading for May showed price rises had halted.