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Major bond selloff unlikely: Fidelity

Inflation and default risks - the bane of bonds - are low

"I still see a massive trend for income investing. I don't think that will change under the current Fed trajectory," says Fidelity's Andrew Wells.


THE recovery in the US is a positive for the world, though market uncertainties over the coming interest rate hike will cast a pall over Asia, said Andrew Wells, global chief investments officer for fixed income, solutions and real estate at fund house Fidelity.