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Unitholders approve Fidelity closures

Unitholders in the Fidelity Multi-manager Special Situations and Multi-manager Equity Income funds have approved the closure of the two portfolios.

Fidelity is recommending unitholders switch their assets into the Fidelity Special Situations fund, managed by Sanjeev Shah, and the Income Plus fund run by Michael Clark.

T Bailey meanwhile has offered unitholders in the two funds a free switch into its own multi-manager range, in particular the T Bailey Equity Income and UK Best Ideas funds.

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