Fidelity outlines Southeast Asia expansion plans

Fidelity International is looking to expand its sales team in Singapore and will next month launch a Singapore dollar share class of its China Consumer Fund as the next steps in its business strategy in Southeast Asia. The firm, the non-US arm of investment group Fidelity, launched the consumer fund in Hong Kong in February as a Sicav structure, allowing it to be marketed in Europe and selected countries in Asia. It invests in Greater China stocks that develop, manufacture or sell…