Fidelity extends FAST funds to Europe

The funds form a family of specialist active extension portfolios, and the group said that its FAST Europe and Japan funds have proved particularly popular with many investors in the countries where they have been available through private placement. Since launch three and a half years ago, the €484m FAST Europe fund has delivered a return of 96.3pc, net of fees, according to Fidelity. This compares with a return of 44.1pc from its benchmark, the MSCI Europe index. Over the same period, the ¥43bn FAST Japan fund has produced a return of 50.3pc compared with 35.6pc from the MSCI Japan ind...