Fidelity investment given AA rating

Fri, 23 Apr 2010

Fidelity International has announced that one of its investment funds has been gien a prestigious rating.

The Fidelity MoneyBuilder Growth fund has been awarded an AA rating rating by Standard and Poors, recognising the strong fund management performance of its new fund manager.

The AA rating indicated that the fund has a high investment standard and impressive management consistency compared to other similar funds.

Rob Fisher, head of UK Personal Investments at Fidelity International: "We are delighted that S&P has awarded MoneyBuilder Growth Fund an AA rating. The Fund is a long-standing favourite with self-directed investors, and continues to offer a great way to access our proven UK stockpicking capabilities."

The MoneyBuilder Growth fund has a variety of interests, including mining companies such as Lonmin and Anglo American as well as Tesco and GlaxoSmithKline .

Fidelity International recently urged investors to 'inflation-proof' their portfolios in order to protect their investments against any long-term fluctuations.
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