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 | 17-08-09 | E-mail Article

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 full four-page PDF report can be accessed here. It is free to users of morningstar.co.uk.

Chetan Modi is a fund analyst at Morningstar UK. He would like to hear from you, but cannot give financial advice. You can contact the author via this feedback form.
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