With financial markets oscillating between resilience and fragility, Fidelity International supports a lower risk appetite while tapping into undervalued opportunities.

With financial markets oscillating between resilience and fragility, Fidelity International supports a lower risk appetite while tapping into undervalued opportunities.
Desiree Wang is a replacement for Eddy Wong, who has been appointed Apac head of institutional business.
The new fund will invest primarily in China A-shares, and equity securities of mainland Chinese companies listed on the local bourse, as part of its objective of long-term capital appreciation.
According to the influential Bank of America survey, only 5% of fund managers now have an overweight position in Chinese equities.
Performance was boosted by ‘robust’ stock picking in the consumer space.
The fund management company will be able to manage both public and private funds in China.
The Swiss asset manager has downgraded its outlook on China equities to neutral from overweight.
Tony Tang is leaving the investment manager, with his responsibilities transferring to Susan Chan.
The launch comes 10 months after the initial announcement.
Fidelity is following in the footsteps of other asset managers like BlackRock and Neuberger Berman in launching its first mutual fund in mainland China.
Part of the Mark Allen Group.