Fidelity Special Situations Fund -
Argyle Financial Group Recommendations

Fidelity have announced that they are to split their Special Situations Fund into two equal parts. One part will continue to be managed as the Fidelity Special Situations Fund and the other part will become a Fidelity Global Situations Fund. The essential difference will be that instead of concentrating on the UK Equity markets the Global Situations fund will invest in Equity markets around the World.

This split has been brought about by the combination of the fund becoming very large and difficult to manage and the impending retirement of its manager the infamous Anthony Bolton. You can read a detailed account of the Fidelity proposals on their website by using this link – www.fidelity.co.uk

Your own portfolio asset allocation is made up of market specific funds and we do not feel that the general nature of a Global Situations Fund will fit in with the normal way in which we manage your money. We are therefore recommending that we switch out of the proposed Fidelity Global Situations Fund as soon as we can and reallocate your money into an alternative UK Equity fund.

We will let you know which replacement UK equity fund we are recommending for your own particular portfolio as soon as we receive your reply.

We need your authority to make this switch and would be grateful if you would confirm your authority to us using this e-mail link -
ray@argylefinancialgroup.co.uk
or by phoning us on 01704 540575
or by letter to 30, Union Street, Southport.

www.argylefinancialgroup.co.uk