Fidelity fund awarded four stars by Bestinvest
Share
The Fidelity Enhanced Income fund has been awarded a four-star rating by Bestinvest, bringing it in line with sister fund the Fidelity MoneyBuilder Dividend fund on which it derives part of its strategy.
Michael Clark
The £54m Fidelity Enhanced Income fund, managed by Michael Clark, uses the same strategy as the £439m MoneyBuilder fund, which is also managed by Clark, but adds a covered call overlay to boost income.
Rob Harley, analyst at Bestinvest, says: “The commonality between the two portfolios by company name is almost 100%, by net asset value approximately 75%. Both funds are managed by Michael Clark; to date they have been amongst the least volatile UK equity income funds available to UK investors.
“The Enhanced Income fund might appeal to more defensive equity investors seeking income enhancement.”
To receive more relevant articles like this one, why not sign up to our briefings and breaking alerts by clicking here and Follow @fundweb
Most popular
Most commented
-
Close Brothers' Haines: Exploring the breadth of EIS opportunities
-
Philippa Gee: Are platforms doing enough on move to brilliant clean?
-
Multi-asset managers split on how to play gold
-
FE's Gleeson: The fear factor driving passive investing
-
FCA seeks to ban and fine non-exec £154k over conflicts of interest
Most emailed
Poll
Have you looked at investment trusts more since RDR?