Fidelity appoints new manager for £500m sustainable fund

Jamie Harvey, previously the fund’s lead manager, is leaving the firm

Cornelia Furse (pictured) has been appointed lead portfolio manager of the £500m Fidelity Sustainable Global fund. 

The move comes after Jamie Harvey, previously the fund’s lead manager, decided to leave the firm. He will cease portfolio management responsibilities on 31 July 2023.

Furse will take over the role on 1 August. She will run the fund alongside existing co-portfolio manager Jeremy Podger, who will continue as lead portfolio manager of FIF Fidelity Global Special Situations.

Furse joined Fidelity in 2010 and worked as an analyst until 2021 covering a number of sectors including European mid-cap utilities, US health care, US consumer discretionary and US capital goods. 

She was appointed as co-portfolio manager on the Fidelity Sustainable Climate Solutions strategy in 2019 and as co-portfolio manager on the Fidelity Sustainable Water & Waste strategy in February 2021.  

Furse and Podger will be joined by Matt Egerton as assistant portfolio manager and Max Dawe as sustainable investing portfolio adviser.

Egerton and Furse bring strong complementary sustainable and investment credentials from their experience on other funds in Fidelity’s sustainable family of funds range

Their skillsets will allow for the portfolio to be run with a similar focus on duration and change to that which exists. There will not be any change in investment objective to the fund.

On 1 August 2023, Furse will relinquish her co-portfolio manager responsibilities on Fidelity Funds (SICAV) Sustainable Climate Solutions, to focus her time and expertise on the Fidelity Sustainable Global Equity strategy.

She will, however, remain as co-portfolio manager alongside lead manager Velislava Dimitrova on FF Sustainable Water & Waste. 

A spokesperson for Fidelity said: “We thank Jamie for his tenure and wish him the best of luck for the future. Further changes are being carefully considered and will be announced in due course.”