Fidelity Investments launched the Fidelity Total Bond Fund, a new...

Fidelity Investments launched the Fidelity Total Bond Fund, a new fixed-income fund managed by Kevin Grant. The fund invests mainly in investment-grade fixed-income securities but may also make investments in high yield and emerging market debt securities, giving investors exposure to the total U.S. bond market. The Lehman Brothers U.S. Universal index is its benchmark.