Fidelity to reopen Wright's UK Smaller Companies fund

The fund will reopen to new investment next week, Fidelity said, following the addition of "extra resource" in the shape of a small-cap analyst as well as co-manager Jonathan Winton in 2013. The group previously removed the fund from platforms in April 2013 to ensure Wright (pictured) did not encounter liquidity issues following a period of strong inflows. The fund had grown from £80m the previous year to £250m. The fund remains around £260m in size, although it did reach a peak of £370m by the end of 2013. Fidelity is no longer placing a concrete upper limit on the portfolio, but wil...