Fidelity has rolled out a European dynamic value fund, Investments Week reports. The new vehicle will be managed by Neil Madden, who has managed the pan-European equity portion of Richard Skelt’s €314 million International fund since November 2009. The new fund will have a concentrated portfolio of between 35 and 50 holdings, focusing on European names with a market cap in excess of €3 billion. Madden was previously assistant portfolio manager on Alexander Scurlock’s €7.7 billion European growth fund.

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