Fidelity banks on Irish resurgence


FIDELITY Worldwide Investment is trawling Ireland as the economy grows more quickly than anywhere else in the developed world.

The company's £2.8 billion (S$5.9 billion) Special Situations Fund is investing in Irish stocks including Bank of Ireland plc, hotelier Dalata plc and homebuilder Cairn Homes plc, tapping into an economy growing about 7 per cent this year. The Irish stock index is among the best performers in Europe, gaining more than 29 per cent as the revival sparked by the presence...

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