Fidelity targets banking multi-ties

Michael Jones says the provider believes its performance, such as doubling of funds under management during the bear market, support its position as a candidate for many banks' shortlists. Fund performances may be more important than names of managers, but Fidelity also has the benefit of what has become the "brand" of Anthony Bolton as well as the experiences of its other managers, Jones adds. "Our managers have 13 years' experience on average," he says. Fidelity has been named as one of six fund providers to HSBC, which started offering funds to its customers under depolarisation...