Fidelity Worldwide Investment taps Irish stocks amid growth

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

The company’s €3.83bn Special Situations Fund is investing in Irish stocks including Bank of Ireland, hotelier Dalata and home builder Cairn Homes, and tapping an economy growing about 7% this year.

The Irish stock index is among the best performers in Europe, gaining more than 28%.