Fidelity pushes forward with merger of Global Property and Sustainable Global Dividend Plus funds

Effective 12 December

Fidelity’s board of directors are pushing forward with the merger by absorption of the £189m Global Property and £130m Sustainable Global Dividend Plus SICAV funds.

On the merger effective date, scheduled for 12 December, the Global Property fund, which invests in listed real estate securities, will be absorbed by the Sustainable Global Dividend Plus fund, which provides exposure to global equities offering attractive dividend yields.  "Seeking income remains a key goal for many investors and by broadening the investment universe from real estate to global equities we aim to provide increased opportunity for diversified sources of income. The merger also enables shareholders to benefit from economies of scale," a Fidelity spokesperson said.  Scot...