Fidelity to launch aggressive Asia fund

Open to investors next week, the Fidelity Investment Funds Asian Aggressive fund will be run by Hong Kong-based manager David Urquhart and hold between 55 and 85 stocks. Japan is excluded from the portfolio, but opportunities will be sought in countries such as New Zealand and Thailand. Fidelity says investors can expect performance to be volatile over shorter periods, but Urquhart is optimistic on the region’s long term prospects. “Besides a strong economic backdrop, there are many world class companies emerging in the region,” Urquhart says. “Economic growth in the Asia ex-Japan r...