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Fidelity International awarded EIT contract

Fidelity Investments International has been awarded the contract to manage the assets of the £1.1bn Edinburgh Investment Trust.

Fidelity beat off rivals including Baillie Gifford to be awarded management of the trust, which was previously run by Edinburgh Fund Managers.

The change will not affect the trust&#39s status as a Scottish registered company. Its annual general meeting and most of its board meetings will continue to be held in Edinburgh.

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