Fidelity platform restricts new investment into RIT Capital Partners

Fidelity said it had decided to restrict new investment into the fund "in the best interests of our customers". "You will still be able to redeem existing holdings in the fund either by sell to cash or by switching to other funds," it added. RIT Capital Partners chair and third largest shareholder increase stakes amid backlash RIT Capital Partners has returned -22.2% over the last year, compared to an IT Flexible Investment average of -6.4%, according to data from the Association of Investment Companies. The trust's discount has also widened, now sitting at 18%. Over the las...