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.