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Fidelity Floats Income Bond Fund
Fidelity Investments has launched the Fidelity Conservative Income Bond Fund.
Fidelity Investments has launched the Fidelity Conservative Income Bond Fund. The fund will primarily invests in a combination of money market and high quality, investment-grade debt securities with short durations.
The new portfolio will be managed by James Miller, who joined Fidelity in 1991 as a municipal bond credit analyst. The Fidelity Conservative Income Bond Fund, which offers a retail class and an institutional class, will maintain a dollar-weighted average maturity of 0.75 years or less.
Click here for the release from Fidelity.