Products May 13, 2010

Fidelity Launches Corporate Bond Fund

Fidelity Investments announced the launch of the Fidelity Corporate Bond Fund with retail and adviser shares and the addition of an adviser class to the Fidelity Real Estate Income Fund. 
Reported by

Fidelity said the Fidelity Corporate Bond Fund will seek to provide a high level of current income by normally investing at least 80% of assets in investment-grade corporate bonds and other corporate debt securities, as well as repurchase agreements for those securities. The fund will compare its performance to the Barclays Capital U.S. Credit Bond Index, a market value-weighted index of investment-grade, corporate fixed-rate issues with maturities of one year or more. The fund is co-managed by David Prothro and Michael Plage.      

The Fidelity Real Estate Income Fund Fidelity now has an Advisor share classes (class A, C, T, and Institutional), which will be offered through financial advisers at institutions such as brokerage firms, banks, and insurance companies. The fund is managed by Mark P. Snyderman.

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The investment objectives and strategies of Fidelity Advisor Real Estate Income Fund are the same as the existing Fidelity retail fund, seeking higher than average income and capital growth by normally investing primarily in preferred and common stocks of Real Estate Investment Trusts (REITs); debt securities of real estate entities; and commercial and other mortgage-backed securities, with an emphasis on lower‐quality debt securities.   

   

Diversions May 13, 2010

More Seniors Using the Latest Technology

A Facebook message from your 100-year-old Grandma?
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That’s not as uncommon as you might think, at least according to a new UnitedHealthcare survey of 100 Americans turning 100 years old or older this year.

Centenarians are more “with it” than ever before and are using the latest technology, including iPods, more than ever before, according to a release about the survey. They are also sending text messages and instant messages more than they were two years ago (8% compared to 1% two years ago).

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More than one in 10 (12%) of centenarians surveyed have listened to music on an iPod or similar device, up from 4% three years ago, while 11% have used YouTube, TiVo (5%), Facebook (2%), and Nintendo’s Wii Fit (1%).

Finally, three out of four centenarians surveyed said they eat nutritionally balanced meals every day, while only 44% of college seniors say they do the same. Nearly one-third of the centenarians said they eat organic foods regularly.

More information is available at www.Evercare100at100.com.

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