Spreadbury uses flexibility as driver of income returns

Fidelity manager highlights high-yield corporate debt as area of value in market

Following the strong rise for corporate bond markets in 2009, Fidelity Strategic Bond fund manager Ian Spreadbury still expects the asset class to deliver for investors this year, albeit at much more normalised levels. While the manager is running limited exposure to government bonds, Spreadbury highlights high-yield corporate debt as an area of value, especially with many new issues likely to enter the market. What are the differences in managing Strategic Bond compared to your flagship £1.86bn MoneyBuilder Income fund? The key difference is flexibility. With Fidelity Strategic Bond...