Fidelity launches short-dated corporate bond fund for Vaid and Spreadbury

Third fund for the duo

Fidelity has launched a short-dated corporate bond fund for managers Sajiv Vaid and Ian Spreadbury, targeting investors looking to reduce their credit or interest rate risk profile.

The Fidelity Short Dated Corporate Bond fund is designed as a solution for investors who want a higher yield and risk profile than cash and government bonds, but who may not want to invest in a conventional corporate bond fund. Its diversified portfolio will primarily invest in sterling denominated (or hedged back to sterling) investment grade corporate bonds, with a remaining maturity of less than or equal to five years. Managed by Vaid (pictured) and Spreadbury, the fund will be governed by the group's long-held emphasis on bottom-up issuer selection and aims to achieve both capital...