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Fidelity Investments launches first global equity income funds

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Fidelity Investments has launched its first 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’s new equity income funds are designed to meet investors’ growing demand for equity income strategies. Each fund seeks reasonable income and, in pursuing this objective, will also consider the potential for capital appreciation. Fidelity Management & Research Company (FMRCo), the funds’ manager, invests each fund’s assets in securities issued anywhere in the world, including the U.S. FMRCo normally invests at least 80% of each fund’s assets in equity securities and normally invests primarily in income-producing securities. In managing each fund, FMRCo seeks to exceed the yield of the MSCI All Country World Index. Ramona Persaud, a nine-year Fidelity veteran, is the funds’ portfolio manager. She will work closely with investment professionals located in markets around the world to help uncover potentially attractive global equity investment opportunities.

“In the past decade, increased volatility in the equity markets and historically low US bond yields have created new challenges for many investors,” says Brian B Hogan (pictured), president of Fidelity’s Equity Group. “Against this backdrop, investor demand for income-producing equities has been growing. With our new global equity income funds, shareholders can benefit from Fidelity’s strong team of investment professionals to help deliver a global equity income strategy that meets the needs of equity income investors, while providing potential income generation from a broader source of dividend paying companies than in the US alone.”

Fidelity also has published a new thought leadership report looking at global equity income investing: “The Merits of a Global Equity Income Approach.” The report analyses the benefits of global equity income investing, how to identify an effective global equity income approach, and its possible investment implications.
 

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