Fidelity launches Emerging Markets Inflation Linked Bond fund

Fidelity Worldwide Investments has launched an Emerging Markets Inflation Linked Bond fund for Andrew Weir.

The fund, launched on 16 November, sits alongside the £372m Global Inflation Linked Bond fund, run by the same manager, which launched over three years ago. The new fund will invest in local currency government debt in Latin America, the Middle East, Eastern Europe and Asia, to take advantage of the long-term inflationary pressures in emerging markets. Andy Howse, investment director on Fidelity's fixed income team, said: "A lot of people have used the global version to get a global inflation hedge when UK gilts are looking expensive. However, the emerging markets proposition will be ...