Fidelity International's Fidelity Active STrategy (FAST) funds range has been converted to UCITS III, creating wider access for European investors.
Previously the two funds in the range – Fidelity’s FAST Europe and FAST Japan regional equity funds – had only been available to investors on a private placement basis since their launch in October 2004. The funds became UCITS III compliant earlier this year following a vote by their shareholders. They are now in the process of obtaining local market registration, which is necessary in order for them to be marketed. So far they have been registered in the UK, Austria, France, Italy, Luxembourg, Ireland, Norway, Sweden, Finland, Germany and the Netherlands. Registration in the...
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