MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, July 5, 2007 Manager Changes Spur Redemptions at Fidelity International Two Fidelity International funds have seen outflows as a result of manager changes. Bloomberg reports that investors have pulled about $3 billion out of the firm's European Growth Fund since manager Graham Clapp announced that he was stepping down at the beginning of the year. Fidelity International's U.K. Special Situations Fund, which Fidelity split in two last year, has suffered "hundreds of millions" of dollars of redemptions since it was announced that Anthony Bolton will be leaving at year's end. Bolton had managed that fund since 1979. Printed from: MFWire.com/story.asp?s=14962 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |