Fund Management
Fidelity Reduces Fees on Special Situations Fund

Fidelity International will remove the higher initial charge on new investments in Fidelity Special Situations Fund from 1 November 2006. ...
Fidelity International will remove the higher initial charge on new investments in Fidelity Special Situations Fund from 1 November 2006. Following the split of the fund into UK and global mandates, Fidelity will reduce the initial charge on unwrapped lump sum investments into the original Special Situations Fund from 5.25 per cent to 3.5 per cent. This will bring it back into line with the standard initial charge on Fidelity’s funds, including Global Special Situations which was launched in September. The higher initial charge on non-ISA and Pep investments was imposed in September 2005 to slow the flow of new cash into a fund which at that time had a market capitalisation of £5.4 billion, according to Fidelity.