Product category:
General insurance
News Release from: Fidelity International | Subject: Investment
Edited by the Insidemoneytalk Editorial
Team on 16 November 2007
Fidelity South East Asia Fund wins award
for best Asia Pacific Equity
Awarded by Portfolio Adviser in their Fund Awards 2007
Fidelity MoneyBuilder Income fund also Highly Commended Fidelity International's South East Asia fund has been awarded best Asia Pacific Equity fund in the inaugural Portfolio Advisers annual Fund Awards 2007
This article was originally published on Insidemoneytalk on 15 Feb 2007 at 8.00am (UK)
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The Fidelity MoneyBuilder Income fund was also Highly Commended in the Corporate Bonds category The winners of the Portfolio Adviser Fund Awards were chosen by first using a quant screen from Morningstar to get the top 20-30 funds (all regulated UK-domiciled funds plus all offshore funds registered for sale in the UK) in risk-adjusted returns*.The shortlist having been created, a panel of nine fund selectors were then asked to vote for the funds that they said they would be happy to personally invest in.
The results were aggregated to find winners and highly commended funds in each category.
Michael Jones, Head of Financial Institutions at Fidelity International, comments: "We have an excellent track record among our Asia equity funds and we are delighted that Fidelity's South East Asia fund won this award.
It is also great to see that Fidelity's MoneyBuilder Income fund was Highly Commended.
Fixed income is an extremely important area for Fidelity and it is good to see this side of the business acknowledged since it is an area that we are looking to grow significantly in the next few years."These awards are an accolade to the hard work and dedication put in by those at Fidelity and it is particularly pleasing since these awards are voted for by specialists within the industry who would be happy to personally invest in these funds themselves"Fidelity International Limited ("FIL") and its subsidiary companies serve the major markets of the world by providing investment products and services to individuals and institutional investors outside the US.
The FIL Organisation manages a total of £148 billion of assets**.
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