Fidelity derisks across £32bn multi-asset range

Responses to 'dovish' tone premature

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Fidelity's James Bateman
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Fidelity's James Bateman

Fidelity's £31.7bn multi-asset team has returned to a neutral stance on equities having held a contrarian overweight position since the start of the year.

Dialling down risk across its seven portfolios, Fidelity chief investment officer James Bateman believes markets are "getting ahead of themselves" by pricing in dovish expectations. He said: "Looking...

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