Fidelity Moneybuilder Income Class W - Accumulation (GBP)
Our view on this Fund
This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.
We like the fund managers' relatively conservative approach. Sajiv Vaid and the team at Fidelity aim to provide a decent level of income, offer some stability in turbulent times, and perform differently to funds focused on shares. This means it could appeal to investors looking for income, and offer some diversification to a portfolio invested mostly in the stock market.
The approach means the fund is unlikely to be the highest-yielding corporate bond fund. But it could help the managers navigate the fund through a variety of market conditions. We think that over the long-term it has the potential to offer a good balance between delivering a good income, achieving some growth, and not taking excessive risk. It's also available to HL clients with low ongoing charges.