Fidelity American - Neutral

FUND RESEARCH UPDATE: Fund rating maintained at Neutral

Simon Dorricott 17 August, 2015 | 5:50PM
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Fidelity has announced that fund manager Peter Kaye will be leaving the group, with the management of this fund passing to Aditya Khowala from 1st September 2015. The fund currently holds a Morningstar Analyst Rating™ of Neutral, and this is being retained. Khowala currently manages the Fidelity American Growth Fund, which is Neutral rated, and he intends to manage this fund using the same investment approach. That approach looks to identify long-term secular growth trends, and within these, aims to highlight areas of pricing power and ultimately stocks with strong competitive positions and free cash flow generation. After a period of transition it is expected that the portfolios of these two funds will be close to identical.

See the latest Morningstar fund rating news here.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity American A Acc GBP6,533.00 GBP-0.05Rating

About Author

Simon Dorricott  is a Senior Fund Analyst for Morningstar

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