Fidelity Floats Global High-Income Fund

Asset management fiirm, Fidelity Investments, will unveil a new fund to be managed by John Carlson.

Asset management fiirm, Fidelity Investments, will unveil a new fund to be managed by John Carlson. The Fidelity Global High Income Fund will allocate its assets across four markets, U.S. high yield, European high yield, Asian high yield and emerging markets debt. The U.S. High Yield sub-portfolio will be benchmarked against the BofA Merrill Lynch U.S. High Yield Constrained Index, while the European High Yield sub-portfolio will replicate the Asian Dollar Corporate High Yield Constrained Index. The Asian High Yield portfolio will follow the BofA Merrill Lynch Index and the Emerging Markets Debt portfolio will track the EMBI Global Index.

Click here for the release from Fidelity Investments.