With UK interest rates stuck at historic lows, Fidelity International investment director for personal investing Tom Stevenson has picked out five funds for a 'lower forever' rate environment.
The Bank of England may have maintained interest rates at 0.25% last week, said Stevenson, but some commentators are predicting they could still fall further and savers and investors face "an ongoing headache" in their hunt for a sustainable source of income. He added: "To compound the problem, the environment for income-seekers is only likely to get more challenging following predictions that rates are going to head further south." Addressing the question of where to look for yield, Stevenson highlighted the following five income-focused funds which, he said, "could help investors ac...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes