Fidelity Income Plus: Qual. Rating Issued

Fidelity Income Plus is cheap, but it's hard to make a compelling case for it at this point.

Chetan Modi 17 August, 2009 | 4:39PM
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We have published a new Morningstar Qualitative Rating and Research Report for Fidelity Income Plus.

"Michael Clark took charge on 1 July 2008 after his predecessor, John Stavis, went on sabbatical (he’s since returned to Fidelity in a different role). Clark has 20 years’ investment experience, including long stints as a securities analyst at Fidelity, Morgan Grenfell, Enskilda and JP Morgan. That should stand him in good stead and he also has the support of Fidelity’s sizable research staff. However, although he ran an internal equity-income pilot fund from 2007, this is his first retail mandate, which concerns us..."

The

napshot/snapshot.aspx?tab=10&id=F0GBR050AY"> full four-page PDF report can be accessed here. It is free to users of morningstar.co.uk.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity MoneyBuilder Dividend240.93 GBP-1.02Rating

About Author

Chetan Modi  is a fund analyst at Morningstar OBSR.

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