Fidelity to close Global High Yield and Long Bond funds

'Too small' to manage cost-effectively

Valeria Martinez
clock • 1 min read

Fidelity International is set to close its Global High Yield and Long Bond funds, due to dwindling assets.

A spokesperson said the firm regularly reviews its range of products and believes these funds "have become too small to manage cost-effectively".  The Global High Yield and Long Bond funds will no longer be available to investors on any platforms or through any distribution channels from 16 October and 10 October, respectively.  Manager exits €1.3bn Fidelity sustainable EM fund Launched in March 2012, the Global High Yield strategy currently holds £119m in assets and is managed by Peter Khan, Andrei Gorodilov, James Durance, Tae Ho Ryu and Terrence Pang.  According to data from ...

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