Fidelity replaces Jupiter on £227m Omnis European Equity Leaders mandate

Will be managed by Sam Morse from 1 October

Fidelity International has been selected to manage the £227m AUM Omnis European Equity Leaders fund, with portfolio management duties led by Sam Morse, replacing Jupiter Asset Management.

Omnis Investments said it selected Fidelity, which already manages the Omnis Global Emerging Markets Equity Leaders and Omnis Strategic Bond funds, following a "competitive selection process". Omnis Investments appoints chief investment officer The fund, which will be managed by Fidelity from 1 October, primarily invests in companies domiciled, incorporated in or with significant exposure to Europe, excluding the United Kingdom. It targets "industry-leading companies delivering reliable earning streams", with at least 50% of the portfolio invested in shares with a market cap of at ...