Fidelity is adding another bond fund for advisors, bringing its total number of investment-grade bond funds for advisors to 13.
Managed by Kevin Grant
, the Advisor Total Bond Fund will invest at least 80 percent of assets investment grade, high-yield and emerging markets debt securities. Two sub-portfolio managers will cover the high-yield and emerging markets portions of the fund.
"The fund should appeal to income-oriented investors who want a fund with more investment flexibility than a pure investment grade bond fund," said Marty Willis, executive vice president, Fidelity Investment Institutional Services Company.
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