Fidelity Spec Sits too large for Shah - Morningstar

In a new report on the fund, Morningstar says Shah has not demonstrated he can manage such a large fund successfully. “Shah had a great success at UK Aggressive earlier in his career but it was a much, much smaller fund. Moreover, Shah’s only stint running a large fund, Fidelity European Aggressive, did not go particularly well, and he had a wider range of equities to choose from at that pan-European offering than he will here.” Morningstar says Fidelity made a sound choice in promoting Shah but says he needs to show what he can do with such a large asset base before Morningstar would ...