Fund manager update

First State Global Emerging Markets

From 1st December 2014, the following First State funds will be categorised in the IMA Specialist sector (for technical reasons we will continue to compare them to the Global Emerging Markets sector):

• First State Global Emerging Markets
• First State Global Emerging Market Leaders
• First State Global Emerging Markets Sustainability

Please be aware that all of these funds are soft closed, and therefore will not accept any new money into the fund. If you are currently investing on a monthly basis, this can continue.

Fidelity fund manager change

Alberto Chiandetti, who manages the Fidelity Italy fund and the Fidelity Switzerland fund has also taken responsibility for the Fidelity European Opportunities fund, as of October 2014. Alberto runs the fund in an unconstrained style and has 15 years investment experience.

We have re-rated this fund as a “hold” from a “switch”.   

Colin Stone who was managing the fund remains with Fidelity as the manager of the Fidelity European Smaller Companies SICAV.

Henderson
 
Following the announcement that Richard Pease is to leave Henderson Global Investors, we have downgraded the Henderson European Growth fund to a “hold”. Simon Rowe, who has been involved with the fund since its launch, and was co-manager with Pease, will now become the lead manager.

GLG

As of the 1st October GLG Continental Europe had a change of fund manager. With Khalil Mohammed and Sandy Rattray no longer managing the fund, Rory Powe is now the lead manager. We currently have this fund as a “hold”.

Artemis US funds

Following the launch at the beginning of October the Artemis US Equity, Artemis US Extended Alpha and Artemis US Select are now available on Cofunds.

If you would like to make any changes to your current holdings this can be done in one of 3 ways: