The argument of a full - or over-valuation of stocks backfires when applied to the
existing equity holdings of a
fund: If at present the
manager does not want to use the surplus cash to add to these positions, this implies that they have a limited appreciation potential, are fully valued or even over-valued.
Ramona Persaud assumes co-
manager responsibilities on the
equity sleeve of Fidelity Strategic Dividend & Income
Fund until December 31, 2017 at which time she will become sole manager of the sleeve, alongside the fund's existing lead manager Joanna Bew
Fund until December 31, 2017 at which time she will become sole
manager of the sleeve, alongside the
fund's existing lead manager Joanna Bew
fund's
existing lead
manager Joanna Bewick.