Fidelity takes over Genesis Emerging Markets Investment trust

Fidelity is to take over management of the Genesis Emerging Markets Investment trust, due to the strategy of the incumbent misaligning with the board’s future aims and focus, including the use of derivates and leverage.  Nick Price, Team Leader of Fidelity’s Emerging Markets Equity team, will manage the trust, which will be renamed Fidelity Emerging Markets Limited to reflect the new management.

9th July, 2021