McCarron's smooth takeover

Turnover in the Fidelity European Values trust has remained steady since the portfolios moved from Anthony Bolton to Tim McCarron early this year. The trust has also retained its focus on fringe economies in the eurozone and mid and small cap companies. McCarron, who is in the process of taking over Bolton's European unit trust, said: 'As with the European Values transition, my priority is to work closely with Anthony on a smooth transition, and in particular minimise fund transaction costs.' He said investors should draw a comparison between the fund handover, due to be completed ...