View more on these topics

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.”


Three-quarters of PPI complaints to FSCS came through claim firms

Over three-quarters of consumers submitting payment protection insurance claims to the Financial Services Compensation Scheme do so through a claim management company. Figures from the FSCS reveal that between 2008 and 2011, the FSCS received a total of 21,575 PPI claims. From this total, 16,387 claims came from claims firms while just 5,188 were made […]

Friends Life appoints two directors in protection business

Friends Life has appointed two directors as the provider looks to strengthen its protection business. Mark Anders has been appointed sales and marketing director for individual protection. He joins from Ageas where he was head of sales. David Williams becomes director of group protection. He was previously finance director of group protection at Friends Life. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment