Fidelity's Spreadbury: 4 Rated Funds Under Review

Following the announcement that Fidelity's Ian Spreadbury will be retiring at the end of the year, Morningstar analysts have placed four funds under review

Jonathan Miller 2 October, 2018 | 6:28AM


Analyst ratings Fidelity under review bonds fixed income funds analysis

Fidelity MoneyBuilder Income: Under Review

Ian Spreadbury, a fixed income veteran, will be retiring on 31 December 2018. He has been running this fund since its inception in 1995 and has consistently implemented the same approach. Sajiv Vaid has been co-manager since 2015 and was brought in from Royal London Asset Management, with an eye to succession planning.

The change will see Vaid assume lead responsibility on the fund, working closely with Kristian Atkinson who will step up to have more involvement in the strategy. Atkinson is manager of the Fidelity Global Investment Grade Corporate Bond fund since August 2016 and joined the group’s fixed income team in 2000. The announcement of Spreadbury’s retirement is not a surprise and we appreciate the element of continuity that Vaid brings to the investment process.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity Flexible Bond Y-Dis-GBP1.10 GBP-0.27
Fidelity MoneyBuilder Balanced Y Inc53.77 GBP-0.20
Fidelity MoneyBuilder Income37.80 GBP0.19
Fidelity Strategic Bond Net Y129.20 GBP0.23

About Author

Jonathan Miller  is Director of Manager Research, Morningstar UK

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