The fund uses a flexible strategy to obtain fixed income from multiple sources
Fidelity Investments Canada has launched the Fidelity Multi-Sector Bond Fund. Backed by Fidelity’s global research platform, the fund is managed by portfolio managers Jeff Moore and Michael Plage.
“As the markets show us each day, there's nothing fixed about today's fixed-income markets,” said Rob Strickland, president of Fidelity Investments Canada, referring to current low government bond yields and future prospects of interest-rate volatility. “Canadian investors are looking for investment solutions that have the potential to generate attractive total returns and income.”
The managers running the Fidelity Multi-Sector Bond Fund can choose among tactics such as asset allocation, sector rotation, security selection, yield curve positioning, and duration management, which all help them mitigate downside risks and negotiate the tough fixed-income market. The downside risks managed include interest-rate risk, inflation risk, and credit risk.
The fund mix, consisting primarily of US issuers and other issuers around the world, is rebalanced following Fidelity’s top-down asset allocation expertise with bottom-up security selection. This is backed by a research platform with over 800 investment research professionals around the world, according to Strickland.
Moore co-manages a number of other Fidelity funds, including the Fidelity Global Bond Fund and fixed-income components of the Fidelity Global Asset Allocation Fund and Fidelity Global Monthly Income Fund. He’s also the manager of various retail and institutional fixed-income portfolios for the Core, Core Plus and Tactical Bond strategies available to US investors. Moore has been handling portfolios at Fidelity since 2000.
Plage co-manages the fixed-income subportfolio for Fidelity NorthStar Balanced Fund for Canadian investors. Like Moore, he manages numerous retail and institutional fixed-income portfolios for the Core, Core Plus and Tactical Bond strategies for US investors. Plage has had around 12 years of experience managing portfolios at Fidelity.
For investors who want to mitigate exposure to currency fluctuations, Fidelity has also launched the Fidelity Multi-Sector Bond Currency Neutral Fund.
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“As the markets show us each day, there's nothing fixed about today's fixed-income markets,” said Rob Strickland, president of Fidelity Investments Canada, referring to current low government bond yields and future prospects of interest-rate volatility. “Canadian investors are looking for investment solutions that have the potential to generate attractive total returns and income.”
The managers running the Fidelity Multi-Sector Bond Fund can choose among tactics such as asset allocation, sector rotation, security selection, yield curve positioning, and duration management, which all help them mitigate downside risks and negotiate the tough fixed-income market. The downside risks managed include interest-rate risk, inflation risk, and credit risk.
The fund mix, consisting primarily of US issuers and other issuers around the world, is rebalanced following Fidelity’s top-down asset allocation expertise with bottom-up security selection. This is backed by a research platform with over 800 investment research professionals around the world, according to Strickland.
Moore co-manages a number of other Fidelity funds, including the Fidelity Global Bond Fund and fixed-income components of the Fidelity Global Asset Allocation Fund and Fidelity Global Monthly Income Fund. He’s also the manager of various retail and institutional fixed-income portfolios for the Core, Core Plus and Tactical Bond strategies available to US investors. Moore has been handling portfolios at Fidelity since 2000.
Plage co-manages the fixed-income subportfolio for Fidelity NorthStar Balanced Fund for Canadian investors. Like Moore, he manages numerous retail and institutional fixed-income portfolios for the Core, Core Plus and Tactical Bond strategies for US investors. Plage has had around 12 years of experience managing portfolios at Fidelity.
For investors who want to mitigate exposure to currency fluctuations, Fidelity has also launched the Fidelity Multi-Sector Bond Currency Neutral Fund.
For more of Wealth Professional's latest industry news, click here.
Related stories:
Canadian fund giant steps up with second real-asset ETF
In bond fund space, active management pays off
