Fidelity International is to launch a new pan-European semi open-ended 'bricks and mortar' fund this year, with a closed-ended retail fund to follow in 2008. The Citywire financial news service reported that the new funds are the beginning of Fidelity International's 'drive into the direct property market'. The company created its European real estate team last May and is looking at the possibility of setting up a Guernsey-domiciled investment company that would be listed in London.
Premium subscriber content – please log in to read more or take a free trial.
