View more on these topics

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.

Recommended

End of stamp duty unlikely to boost transactions

The pick-up in activity that normally accompanies the end of a stamp duty holiday will be more muted in March 2012 than it has been previously because only first-time buyers qualify for relief, according to Capital Economics. Since March 2010, FTBs have been exempt from paying the 1 per cent stamp duty on properties priced […]

Rathbones reining in high yields for new strategic bond fund

Rathbones’s new strategic bond fund will not be overexposed to high yield, according to fixed-income director and manager of the fund Bryn Jones. Last week, Rathbones announced it is launching a strategic bond fund on October 3. It will hold both direct fixed-income securities and collective vehicles in its portfolio. Half of the fund will […]

Critics call for emerging markets label to be axed

Standish Mellon Asset Management Company is urging the investment industry to drop the “inconsistent and vague” term emerging markets. The company, which is the fixedincome specialist for BNY Mellon Asset Management, says the 30-year-old term fails to represent the wide range of countries and asset classes associated with it. Standish managing director and senior portfolio […]

Too early to say if finance bill will be a vehicle for bank reform, claims Cable

Business Secretary Vince Cable says it is too early to say how much of the legislation that brings in the Independent Commission on Banking’s recommendations will be included in the Financial Services Bill. Earlier this month, Chancellor George Osborne told Parliament that the bill “might well” be a vehicle for the reforms but that some […]

10 September thumbnail

Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment