Fidelity to launch global income fund for Roberts

29 September 2011 8:32 am | By Rob Langston

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.

If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing