Fidelity

The asset management industry must create an industry standard to bring greater transparency to investment charges, Fidelity Worldwide Investment said today.

EQUITY INCOME

Fidelity's Dan Roberts is aiming to deliver a yield of 4% with his new Global Dividend fund with a focus on developed markets and reducing concentration risk.

Fidelity and Legal & General IM (LGIM) have given their support to Vince Cable's proposals to clamp down on boardroom pay and push for greater transparency.

Fidelity European fund manager Sam Morse has clashed with peer Chris Rice at Cazenove over the outlook for key European stock Nestlé.

ON BONDS

Fidelity Worldwide Investment's group chief investment officer has warned the European Financial Stability Facility (EFSF) is next in line to be downgraded by ratings agencies.

Fidelity's Sanjeev Shah has reduced his holding in part-nationalised lender Royal Bank of Scotland (RBS) following a tough year for financials in 2011.

Fund launches reached a decade low last year as groups held back new products in the face of market volatility.

Anthony Bolton has lost £1m of his own money in the £570m Fidelity China Special Situations trust in the last 12 months, according to research from broker Collins Stewart.