Fidelity International has set in motion the merger of its UK-domiciled Global Property fund, valued at £109 million, into the larger Global Enhanced Income fund, which stands at £234 million. This strategic manoeuvre is intended to address the practicality of maintaining the Global Property fund, which has seen a decrease in size due to investor outflows and market fluctuations over the last four years.

The initiative is aimed at constructing a robust, economically sound fund for investors, by combining the assets and strengths of both funds. The consolidation is designed to offer shareholders of the UK-domiciled Global Property fund an opportunity to be part of a more diversified and potentially more resilient investment entity.

The decision to merge these funds reflects Fidelity International’s proactive stance in ensuring that its investment offerings, particularly those based in the UK, are well-positioned to navigate the complexities of the current economic environment. Shareholders will have the opportunity to assess the benefits of the proposed merger, which is poised to enhance the investment landscape and meet the dynamic needs of modern investors.