Fidelity Investments today unveiled its Fidelity Global Bond Fund and Fidelity International Bond Fund, available directly to investors, as well as through financial advisors.
Both funds, which invest in sovereign government debt and corporate and securitized credit securities, will be measured against a Gross Domestic Product-weighted index.
Jamie Stuttard, Fidelity’s head of International Bond Portfolio Management, will serve as the lead portfolio manager for both funds. Curt Hollingsworth and Jeff Moore will co-manage Fidelity Global Bond Fund, while Hollingsworth will also co-manage Fidelity International Bond Fund. In addition, Matt Conti will manage the high yield assets of each fund.
“The global bond landscape is in the midst of significant structural changes that should challenge prevailing assumptions and industry norms behind investing and risk management,” stated Stuttard. “With this in mind, investors should pick their bond indices carefully and develop appropriate frameworks for investing in government debt, corporate bonds and currencies.”