Fidelity plans global fund

Fidelity Investments is to launch a specialist global equity fund in January 2003. The Fidelity Funds Global Focus fund is designed for experienced investors who want concentrated exposure to global stockpicking and are willing to accept a higher degree of risk. Fidelity said the fund will differ from most international funds as its portfolio construction will not be bound by traditional geographic and regional constraints. It will instead have a 'go-anywhere' investment mandate and will look at a combination of global sector and stock-specific factors, seeking to take advantage of t...