Fidelity MM Distribution adds Resolution Euro fund

The fund is the first European Equity Income fund to be added to the portfolio. Fidelity’s MultiManager Distribution Fund already has exposure to Europe within the fixed income portion of the portfolio but the addition of a further European fund will increase diversification. Simon Mungall, co-portfolio manager of the MultiManager distribution fund explains: “Currently, there are attractive yields available in Europe – as well as the positive impact of historically high earnings on corporate cash flows, we have seen dividend payout ratios increase in recent years as European companies pl...