Fidelity limits investor subscriptions to Asian HY fund
Fidelity International has announced new subscriptions terms for existing shareholders of the Fidelity Funds – Asian High Yield fund, which was closed to new investors in September 2016.
The manager announced that in recent months, inflows from existing investors in the fund maintained at a strong level. Therefore current investors’ investments within the Fidelity Funds – Asian High Yield fund will be limited to a cumulative maximum of 10% or up to an extra US$1m as from 12 February.
Fidelity specified that a waiting list will be established for existing fund shareholders wishing to invest more than the limits set.
The Fidelity Funds – Asian High Yield fund, managed by Bryan Collins and launched in April 2007, had €3.73bn of assets under management as of end November 2017.