Fidelity to merge away £450m Moneybuilder fund

Fidelity's Leigh Himsworth

Fidelity's Leigh Himsworth

Fidelity is merging the £449m Fidelity MoneyBuilder Growth fund into the £85m Fidelity UK Opportunities fund. The firm said the two funds - both run by Leigh Himsworth - "share many investments in common" and investors may find it difficult to decide which to invest in. The merger is due to take place on 24 June, subject to shareholder approval. "Both funds have relatively concentrated portfolios of around 40 UK-listed companies and have the same reference index in the FTSE All Share...

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