Fidelity has confirmed Anthony Bolton's China Special Situations fund will be an investment trust.
Gary Shaughnessy, MD of UK retail at Fidelity, told advisers at the Fidelity Forum today the fund would be an investment trust after Investment Week broke the news yesterday the vehicle would be closed-ended. The asset manager registered the new company at Companies House on 22 January, with the fund slated for launch in March. Bolton is keen for strong supporters of his Special Situations fund throughout its 28 history to have the chance to access the new fund. IFAs have been notably large backers and the investment trust structure is one which the retail market is known to be comfor...
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