Fidelity UK Aggressive

We see signs of recovery at Fidelity UK Aggressive, but the fund is not yet proven.

Muna Abu-Habsa 7 August, 2008 | 3:16PM
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This fund has witnessed four manager changes in the last six years. Mark Hodges, the latest manager to step down, handed the baton to current portfolio manager Aruna Karunathilake in December 2007. Karunathilake had been an analyst with Fidelity from 2000 and has risen through the ranks. He assumed portfolio management responsibilities in November 2006, running an internal fund and a sleeve of Fidelity Institutional UK MultiManager Plus fund until he took the helm here. Karunathilake demonstrated an appetite for running a concentrated portfolio that is not strictly tied to its benchmark, so his portfolio management experience, though limited, is appropriate to this fund's aggressive remit.

Performance has been mixed amid the managerial upheaval. The fund substantially outperformed i

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity UK Select369.01 GBP0.58Rating

About Author

Muna Abu-Habsa  is a senior investment research analyst at Morningstar