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Fidelity to launch global income fund for Roberts

Fidelity has confirmed plans to launch a global equity income fund for Dan Roberts, following his shock departure from Eden.

Roberts will join Fidelity as a global equity income portfolio manager on November 14.

A spokeswoman says: “In the current environment equity income has attractive characteristics and it is also a major component of total return for investors seeking capital growth.”

Roberts will join a dedicated equity income group, which will include Michael Clark and Aditya Shivram, who currently manages a global telecomms fund.

The group will report to recent hire Paras Anand, who will have specific responsibility for equity income in his role as head of pan-European equities.

It is unknown whether the fund will be an onshore or offshore product.

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