The closure of the fund, which has assets of around £10m, became effective on 15 August. A spokesperson for the firm told Investment Week the vehicle was closed after it became too small to manage cost-effectively.
At its peak in December 2021, the strategy managed £82.7m in assets, according to data from Morningstar Direct.
Fidelity brings sustainable water & waste fund to the UK
The UK-domiciled version of the fund was launched in December 2019 following the success of the Luxembourg SICAV, which remains open and currently manages $1.2bn in assets.
The SICAV, currently manag…
Read the full article here
