Name change for Fidelity Managed International fund

Performance of the fund has recovered significantly since Brenda Reed took over the portfolio nearly five years ago. Under Reed's stewardship the fund has beaten the market by more than 9pc points over the past 12 months. Returns from the fund over this period are -0.64pc against a near 10pc fall in the MSCI World index. The fund is now first quartile over one and two years and tops the second quartile over three and five years. Reed attributes the performance to a combination of her ability to find attractive companies in difficult conditions and her avoidance of areas of market weakne...