Fidelity 'Fast' funds range more available in Europe

Previously the two funds in the range – Fidelity’s Fast Europe and Fast Japan regional equity funds – were available to investors only on a private placement basis since their launch in October 2004. This limited Fidelity’s ability to market them, as well as the interest of some clients in them, a Fidelity spokeswoman said. Both the funds are Luxembourg-domiciled and are aimed at institutional investors and high net worth individuals, with a minimum investment of $50,000 (£25,400). Described in Fidelity’s marketing materials as ‘turbo-charged’, the Fast funds make use of derivative-based...