Portfolio - Mutual Funds

Fidelity Launches Pair of Equity Income Funds

by: Hung Tran

Friday, May 11, 2012

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Fidelity Investments has launched a pair of global equity income funds: Fidelity Global Equity Income Fund -- available directly to investors -- and Fidelity Advisor Global Equity Income Fund -- available through financial advisors.

Fidelity Management & Research Company, the funds' manager, will primarily bet on income-producing securities and look to beat the MSCI All Country World Index. Ramona Persaud, a nine-year Fidelity veteran, is the funds' portfolio manager.

"In the past decade, increased volatility in the equity markets and historically low U.S. bond yields have created new challenges for many investors," stated Brian B. Hogan, president of Fidelity's Equity Group. "Against this backdrop, investor demand for income-producing equities has been growing.”