Fidelity has plans to cap its newly launched UK Opportunities fund at around £250m to enable manager Alex Wright to continue to manage the portfolio effectively.
The small cap focused fund was launched to the retail market on 10 February and is currently £7m in size, after rolling over money from the institutional version of the portfolio. However, Fidelity is already looking ahead to what could be a manageable size for this type of fund, which aims to invest in companies that have underperformed but have potential for change and recovery unrecognised by the market. The fund sits in the IMA Smaller Companies sector where only eight funds out of a total of fifty eight are currently above the £250m level. The largest is Standard Life UK Small...
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