Fidelity have become the latest group to offer an income-focused global equity fund with the launch of Fidelity Global Dividend.
The new fund will target a combination of capital growth and a yield of 25% above that of the MSCI All Countries World Index - this is expected to equate to an initial yield of around 4%.
The portfolio consists of around 50 stocks from around the world, with a focus on larger companies paying sustainable dividends.
The new fund is managed by Daniel Roberts, who joined Fidelity in November 2011. Roberts began his career at PriceWaterhouse Coopers where he trained as a chartered accountant, subsequently working for M&G, Invesco and JPMorgan. He then moved to Aviva where he ran an equity income fund from 2005 to 2009, achieving notable outperformance during the banking crisis in 2008.
This prompted a move to Gartmore in 2009, where he worked up until the company’s acquisition by Henderson. His move to Fidelity followed a brief spell at Eden Financial.
Global income funds have proliferated in recent years and their growth saw the recent launch of the IMA’s Global Equity Income sector, where this new fund will sit. However, we haven’t awarded the fund a Bestinvest rating initially as Daniel Roberts lacks a track record running global mandates.
Our recommended global income funds are:
Different funds carry varying levels of risk depending on the geographical region and industry sector in which they invest. You should make yourself aware of these specific risks prior to investing. We aim to provide investors with information to help them make their own investment decisions although this should not be construed as advice or an investment recommendation. If you are unsure about the suitability of an investment or if you need advice on your specific requirements, we strongly suggest that you consider professional financial advice.