Fidelity Worldwide Investment has set out details for its Asia Pacific Opportunities Fund, which will be launched on 24 September.
Anthony Srom, the portfolio manager, will employ a high-conviction investment approach and aims to capture 25 to 35 investment ideas from across the Asia Pacific region.
Mr Srom, who currently runs the Fidelity Asian Aggressive Fund, adopts a fundamental, bottom-up investment approach to picking stocks.
| Key Features |
| • Active money maintained at around 90 per cent |
| • Annual management fee of 0.75 per cent |
| • Minimum investment of £1,000 |
| • Eligible for Isas and Sipps |
IFA verdict
Gavin Haynes, managing director, Whitechurch Securities, Bristol, said: “Fidelity has a strong fund management team in Asia, and Mr Srom has been building up an impressive track record managing the Asian Aggressive fund. Given the depth of analyst coverage in the region, Fidelity is in a strong position to manage a focused stock-picking fund. With favoured Asian funds from Aberdeen and First State now very large, investors are looking for alternative actively managed options in the region, and this will be an interesting addition to the sector.”
