View more on these topics

Fidelity confirm Bolton’s China fund will be investment trust

Fidelity has opted to structure Anthony Bolton’s forthcoming China fund as an investment trust, a move first revealed by our sister publication Fund Strategy in December last year.

Bolton said in December that the benefit of a closed-ended structure is that it will cap the fund’s assets because he wants a a limited amount he can control in the fund.

He also liked the fact that being structured as an investment trust provides him the ability to gear the portfolio.

Fidelity registered a China Special Situations company at Companies House on January 22, 2010, indicating that the fund may indeed be offered as an investment trust when it launches in March.

Yesterday, Hargreaves Lansdown head of research Mark Dampier repeated his concerns over the fund being offered in a closed-ended structure.

“It only gives you a limited window to invest in what is a more complex structure. You also have to deal with the fact that it will probably launch at a premium so you probably won’t want to buy at launch and wait for a later date and Anthony has only committed to two years on the fund,” he said.

Fidelity is expected to reveal more details on the fund early next month.


Dean Harris

Transition trail

Dean Harris of Harris & Associates talks to Cherry Reynard about changing adviser mindsets during the transition to RDR compliance

Newton and Standard funds fall off white list

Newton’s Tineke Frikkee and Standard Life’s Karen Robertson are the two big-name exclusions from the latest Principal Investment Management white list. The £2.7bn Newton higher-income fund and the £837m Standard Life UK equity higher income fund have both been demoted to the grey list, with four new names being added to the white list which […]

Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm