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Fidelity builds on Asian credentials

Fidelity has launched an Asia aggressive fund under the management of David Urquhart.

It is designed to be a more aggressive version of Fidelity’s £1.1bn South-east Asia fund which Allan Liu has run since 2003.

Urquhart’s fund is likely to hold 55 to 85 stocks as opposed to the 200 or so typically held in Liu’s fund.

It is set to invest on a wider geographical basis than the South-east Asia fund, with areas such as Australia, India and Pakistan all considered for possible investment. The Asia-Pacific will exclude Japan for investment opportunities.

Urquhart joined Fidelity as a research analyst in 1996. His most recent role was as manager of its Korean Sicav fund which he passed on to Taewoo Kim in August 2007.

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