Andrew Lewis

FMR-UK is a research-oriented manager which provides European expertise to FMR in the US. They favor established companies which are reasonably valued and which are likely to demonstrate greater than average long-term earnings growth. Their investment approach is based on in-depth fundamental research which includes company visits. The firm utilizes a bottom-up security selection process and is supported by FMR's research capabilities shared through a global research platform, in particular, Fidelity International Ltd. and their subsidiaries worldwide. They apply the same fundamental approach to equity, fixed-income and money-market securities. Investment ideas and research are generated by teams, but individual portfolio managers are ultimately the investment decision makers.