Why aren't there more multi-asset funds like Fidelity Multi-Asset Income (FMSDX)?
Seems like it has everything in it but the kitchen sink - stocks, bonds, small percentages of junk bonds and convertibles, and a tiny bit of preferred and EM debt.
It has $2B in assets and performance has been very good, besting Vanguard Balanced and Wellington during it's 6-year life.
It also has a good yield for those who are looking for that sort of thing.
So why aren't there more funds like this?
Seems like it has everything in it but the kitchen sink - stocks, bonds, small percentages of junk bonds and convertibles, and a tiny bit of preferred and EM debt.
It has $2B in assets and performance has been very good, besting Vanguard Balanced and Wellington during it's 6-year life.
It also has a good yield for those who are looking for that sort of thing.
So why aren't there more funds like this?
Statistics: Posted by GaryA505 — Fri May 10, 2024 7:34 pm — Replies 5 — Views 276
