Fidelity cuts fees on short dated corporate bond fund

Drop from 38bps to 24bps

Fidelity International has cut its fees on the £127m Fidelity Short Dated Corporate Bond Fund from 38 basis points to 24bps.

The Fidelity Short Dated Corporate Bond fund, managed by Sajiv Vaid and Kris Atkinson, is aimed at investors targeting modestly higher yields and risk profiles than cash or government bonds, but who consider a conventional corporate bond fund a step too far. Fidelity enters private credit market with team hire from MeDirect Bank Vaid said: "While valuations remain at the tighter end of its historical range, the attractiveness of the fund remains. With short rates underpinned for at least the next two years, the yield of the fund should ensure that it remains a good cash alternative, w...