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Poll claims backing for Fidelity fund

Fidelity says almost three out of four advisers will recommend its new global special situations fund to their clients.

The firm says its research found the main reason IFAs will support the global fund was the depth of Fidelity’s global investment resources followed by attraction to the fund’s unconstrained mandate.

The poll of 111 intermediaries was produced to coincide with the launch of the fund, which began trading on Monday this week following the split of its 6bn UK special situations fund into UK and global portions.

The research also revealed that more than half of advisers said only 25 per cent of their clients have exposure to global equities.

Jorma Korhonen will co-manage global special situations alongside Anthony Bolton until the end of the year when he will become sole manager while Bolton will run UK special sits until the end of 2007.

Fidelity head of IFA channel Peter Hicks says: “This confirms what advisers have been telling us since mid-June when we announced full details of the new fund and introduced Jorma as the new manager.”

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