Sam Morse is about the £ 693 million Fidelity investment trust carried out European values from the beginning of next year.
Morse, who has managed the open-ended £ 3 billion Fidelity European Fund since January, it will be replaced by Sudipto Banerji.
In October, Banerji took on management of the Fund of the Fidelity global opportunities and says that he will return to be a full-time member of the global equity team.
The Governing Council of the European values trust says they have over the last year spent watching the Morse success in transferring his approach of UK shares are to be carried out for the European Fund.
The statement says: "this is a good opportunity for both the open and closed-end European vehicles under the same manager. This reflects the responsibilities of the management as seen in the areas of both Anthony Bolton and Tim McCarron."
No comments:
Post a Comment