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

clock

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 for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read
NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read