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Fidelity clients rotate into growth assets on the back of rate cuts
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The move to growth assets follows the Federal Reserve's half-percentage-point rate cut in September, which suggests a brighter outlook for the global economy. Investment director at Fidelity International, Tom Stevenson, said the return of the Legal & General Global Equity Index tracker fund to Fidelity's top 10 ISA funds is indicative of investors' appetite for diversification. Investor sentiment for technology funds fades as Fidelity clients turn to defensive assets «Global diversification remains a key strategy, with investors spreading risk across international markets to seize...
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Read more on investmentweek.co.ukAbout this in other media
Fed's Waller calls for "more caution" on rate cuts economictimes.indiatimes.com /3 weeks ago
Chinese equities jump 5% on the back of Beijing's 'full confidence' in hitting growth targets investmentweek.co.uk /3 weeks ago
Posthaste: These 3 charts bolster case for bigger Bank of Canada rate cuts, says economist financialpost.com /1 month ago
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