Fidelity Worldwide adds global dividend fund
Fidelity Worldwide Investment is adding to its equity income range with a global dividend fund for manager Daniel Roberts.
The fund, which will launch at the end of the month, will hold a portfolio of around 50 best ideas in companies set to deliver capital and income growth.
It will aim for a gross yield 25 per cent higher than the yield of the MSCI All Countries World index and an estimated yield at launch of 4 per cent.
Ex-Gartmore manager Roberts will look to balance the fund between high-yielding stock and those with potential for “substantial future dividend growth”.
It will be in the Investment Management Association new global equity income sector. Annual charge is 1.5 per cent.
Head of retail sales Ben Waterhouse says: “We have seen huge demand for equity income products in this environment of low economic growth and market volatility.
“Daniel has a proven track record and, with access to our global network of analysts, we believe we have a competitive edge in evaluating opportunities for income around the world.”