Fidelity launches short-duration version of MoneyBuilder Income fund for Spreadbury


Fidelity is launching a short-duration version of bond manager Ian Spreadbury's £3.3bn MoneyBuilder Income fund.

The new portfolio – called Fidelity MoneyBuilder Reduced Duration – will be similar to Spreadbury’s flagship MoneyBuilder Income fund, but with an additional overlay strategy to reduce duration. The overlay will provide protection against interest rate rises, while allowing the fund to offer a wider spectrum of credits than is currently available through existing short-dated products. Launching later this month, the onshore OEIC will use the master feeder structure allowed under UCITS IV. This will enable it to invest solely in the flagship MoneyBuilder Income fund, but with an ove...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Investment

What is the 'endgame' for US smaller companies?

What is the 'endgame' for US smaller companies?

A well-traded and liquid asset class full of opportunities

Darius McDermott
clock 02 October 2023 • 4 min read
Morningstar's Hortense Bioy

Number of climate-focused funds surges 600% in five years

Fewer than 200 portfolios five years ago

Eve Maddock-Jones
clock 29 September 2023 • 3 min read
Georgina Taylor (pictured), took over as head of multi-asset at Invesco following the retirement of David Millar in March this year.

Invesco moves to simplify multi-asset range after review

Fund manager to close global targeted returns strategy

Valeria Martinez
clock 27 September 2023 • 2 min read