May 10, 2012 (PLANSPONSOR.com) - Fidelity Investments launched its first global equity income funds.
The funds include the Fidelity Global Equity Income and Fidelity Advisor Global Equity Income Fund.
Fidelity’s equity income funds are designed to meet investors’ growing demand for equity income strategies. Each fund seeks reasonable income and will 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 invests primarily in income-producing securities. In managing each fund, FMRCo aims 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 with investment professionals in markets around the world to help uncover global equity investment opportunities.