Fidelity Investments ?

1echidna

No cheerfulcat you are most welcome to but in but couldn't this fund (video interview and all) and the large amounts of money probably flowing into it be described as a bit fad of the day? OK the fundamentals may well be sounder than many fads of the day which I guess is a reasonable answer. What problems will the fund manager have with much larger sums of money to play with?

dunstonh

If its a fad of the day then its a long day. Equity income funds are effectively a high yield portfolio of shares. High yield portfolios have been round longer than any of us.

1echidna

Are yes but I see H&L in their latest magazine now emphasizing high yield in the present climate and highlighting this fund and its manager in particular.

cheerfulcat

1echidna wrote: »

Are yes but I see H&L in their latest magazine now emphasizing high yield in the present climate and highlighting this fund and its manager in particular.

That doesn't make it a fad. If anything, high yield investing is contrarian.

meester

1echidna wrote: »

Just an ignorant question, is this a fashion investment or if not what is the characteristics that distinguish it from one?

It was EXTREMELY fashionable until it stopped performing so well. Things have since moved on to natural resources mainly.

Now not so fashionable, but still popular due to manager's reputation being greater than all the others until in the sector.