Fidelity expands multi-asset income range with double launch

Fidelity Worldwide Investment has expanded its range of multi-asset income funds with two new fund launches for Eugene Philalithis and Nick Peters.

The group - which already runs the Multi Asset Income fund - has launched Balanced and Income & Growth portfolios to sit alongside the existing offering. The range of funds offer investors different risk profiles, with the new portfolios targeting a higher total return for investors, but with higher expected volatility. While Multi Asset Income has exposure to cash, government bonds and corporate debt worth 60%, the Balanced Income fund has just 50% in bonds and nothing in cash, while the Income & Growth fund has just 25% in the these asset classes. Instead the two funds have more ...