Fidelity to roll out global focus fund

Fidelity is launching a high-risk global focus fund in January to be managed by Brenda Reed. A concentrated portfolio of 100 + stocks will be selected by Fidelity's former director of UK and European research, and sector exposure is benchmarked mainly to the MSCI World Index. Stocks will be allowed to deviate across the entire global market but will be directed more towards the mid-cap range, employing a style-neutral approach holdings both value and growth over time. Fund status is high risk but offers a high potential return to investors who might already have an internatio...