Fidelity

Investor confidence in the outlook for China's economy has surged to a three-year high, according to the BofA Merrill Lynch Fund Manager Survey for November.

Fidelity's Anthony Bolton has conceded his China Special Situations trust has endured another 'disappointing' six months, but he is hopeful the upcoming leadership election could provide a boost to returns.

Fidelity Worldwide Investments (FWI), which serves the UK market, is hiring a team of in-house US analysts as it prepares to sever ties with its Boston-based research arm.

Fidelity has revamped its Asian fund range in a move which gives the managers the ability to invest more of their portfolios in the onshore Chinese stock market.

GILTS

Fidelity's Ian Spreadbury has snapped up some Italian and Spanish sovereign debt, as well as corporates in both regions, to provide his funds with some extra yield.

The surprise 1% rise in UK GDP in Q3 points to only a slight improvement in the economy's growth outlook, according to forecasters.

More Western asset managers look set to follow in the footsteps of Schroders and Invesco by acquiring stakes in Indian fund management companies to take advantage of a growing interest in investments.

European equity managers are increasing exposure to special situations stocks as they seek new opportunities away from overvalued defensive names.

Fidelity's new hire Jeremy Podger has backed Google as one of several changes to the Global Special Situations fund, in spite of the sell-off following the tech giant's bungled Q3 earnings release.