Fidelity's Leigh Himsworth is investing in wealth management companies as a key theme within his UK Opportunities fund, in the hope M&A and pension reforms will boost the sector.
In his first interview since joining Fidelity from City Financial in December, Himsworth (pictured) said wealth management was a strong theme throughout his portfolio. He brought his £63m UK Opportunities fund, which he has managed since 2011, over from City Financial on the condition there would be no change to the management or investment style. The fund has an all-cap approach with a balance of top-down and bottom-up investment ideas based on strong macro themes and long-term demographic trends. One of these themes is wealth management, part of the fund's 24% exposure to the fi...
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