Fidelity

GREEK ELECTIONS

Fidelity's Ian Spreadbury has said he is short German interest rate risk in the view that the eventual move towards a 'eurobond' solution will cause yields to rise.

Fidelity's legendary fund manager Anthony Bolton has admitted his China Special Situations trust is 'not where I had hoped to be' after the NAV fell 18.5% for the year ended 31 March 2012.

UK income funds face a new threat from the eurozone crisis if the pound continues to strengthen against the single currency, leading managers have said.

EUROPE

Fidelity Worldwide Investment's global CIO Dominic Rossi said shares will not begin to re-rate until the long-running bull market in commodities ends.

Fidelity's Ian Spreadbury has tipped the yield on a 10-year gilt to dip below 1%, as the safe haven government bond saw yields hit a new low today.

STRATEGY

Fidelity Worldwide Investment has confirmed John Clougherty is joining as head of UK retail, as Investment Week exclusively revealed yesterday.

Fidelity's multi-manager team has dropped Sanjeev Shah's £2.4bn Fidelity Special Situations fund from its Select List of preferred funds.