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.
"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..."
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