Fidelity Funds Global Inflation Linked Bond - Neutral

FUND RESEARCH UPDATE: Fund Rating downgraded to Neutral

Ashis Dash 12 February, 2016 | 7:08AM

Following a recent Morningstar Analyst Ratings meeting, we have moved the Fidelity Global Inflation Linked Bond fund to a Morningstar Analyst Rating™ of Neutral. The fund’s rating was put Under Review (the fund previously held a Bronze rating) following the news that co-manager Jeremy Church was leaving Fidelity. Lead manager, Andrew Weir, who has managed the fund since launch in May 2008, remains in charge and is further supported by the new co-manager, Tim Foster. While we acknowledge Weir’s considerable experience in the inflation-linked space, some recent stumbles and below benchmark returns over time have led us to lower our conviction in the fund. This is currently reflected through our Neutral rating.

 

See the latest Morningstar fund rating news here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity Global Infl-Link Bd A-Acc-USD10.92 USD0.16

About Author

Ashis Dash  is a Morningstar Fund Analyst

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