View more on these topics

Fidelity axes Asian fund

Fidelity International is to close its Asian aggressive fund later this year after failing to generate enough investor demand.

The fund, managed by David Urquhart, launched in February 2008 but has only grown to £7m in size. It is currently 71st out of 72 funds in the IMA Asia Pacific ex Japan sector for the past 12 months, having returned 17.1 per cent compared with an average return of 29.2 per cent.

The fund will close on November 27, with Urquhart continuing to manage his other funds. Fidelity is offering a free switch into the £1.3bn South-east Asia fund, which is top quartile in the same sector.


Cayman Islands budget delayed

The Cayman Islands leader William McKeeva Bush has delayed this year’s budget as uncertainty continues over the territory’s finances, according to reports.


What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.


News and expert analysis straight to your inbox

Sign up


    Leave a comment