Fidelity Launches U.K. Credit Fund

  • 10 Mar 2002
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Fidelity Investments has unveiled a corporate bond fund that will invest in sterling-denominated issuance, which it will market to small- and medium-sized pension funds, says a firm spokeswoman. With FRS17 set to go into effect next year, there will be more demand for longer-dated corporate paper. The fund, launched last week in London, will be managed by Alex Veys, who also manages another sterling bond fund. In addition to sterling-denominated corporate bonds, the fund will invest in supranational and agencies, and will focus on paper with maturities of 10 years or more and rated triple-B and above. Fidelity manages about £1 billion in U.K. corporate bonds.

  • 10 Mar 2002

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 9,113.97 30 12.52%
2 Barclays 7,732.29 21 10.62%
3 Bank of America Merrill Lynch 7,473.95 24 10.26%
4 JPMorgan 7,225.34 25 9.92%
5 Wells Fargo Securities 6,258.35 24 8.59%