(Company corrects index return data in paragraph 2)
LONDON, July 22 Fidelity Worldwide Investment
said on Tuesday it planned to boost its UK equities team by
acquiring the City Financial UK Opportunities Fund, led by
market-beating manager Leigh Himsworth.
Himsworth, formerly head of equities at City Financial, has
managed the 70 million pound ($119.51 million) fund since 2011
and during that time has returned 54.53 percent against a return
of 41.3 percent for the FTSE All-Share index, Fidelity
said in a statement.
Himsworth focuses on small and mid-cap stocks and has 20
years of experience in portfolio management having previously
worked at Royal London Asset Management, Gartmore and Eden
($1 = 0.5857 British Pounds)
(Reporting by Simon Jessop, Editing by Huw Jones)