Fidelity gets Aggressive

By Kira Nickerson The Fidelity Recovery fund is to be renamed Fidelity Aggressive and will invest in a wider universe of UK stocks with fewer restrictions. Glen Pratt took over as fund manager of Fidelity Recovery from Graham Clapp last year and since then has steadily widened the fund's investment remit. Rather than investing in the bottom 20% of the UK market , the investible universe has been expanded to include large and mid caps as well as the option to buy into overseas companies. Pratt said: "I used to look at companies that were out of favour in the market but I believed the pro...