Evidence and analysis
- Share-class currency
- USD
- ISIN
- LU0882574139
- Hedging status
- Not inferred from currency; consult the exact share-class factsheet.
The fund's base currency, shown in the prospectus description below, can differ from this share class's dealing currency. All benchmark comparisons above use the stated share-class currency.
Benchmark: MSCI ACWI Index (Net)
| Period | Fund | Index | Gap (pp) |
|---|---|---|---|
| 1 year | 0.2% | 16.8% | -16.6 |
| 1-year: Underperforming | |||
| 3 years | 35.0% | 80.4% | -45.4 |
| 3-year: Underperforming | |||
Gap = fund minus index in percentage points. Returns are cumulative, with dividends reinvested, in the share class currency. Includes ongoing charges; excludes entry/exit fees. Based on Fidelity's rounded comparison table. A negative gap indicates underperformance for that period.
The Fidelity Funds - Global Consumer Brands Fund A-ACC-USD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Global Consumer Brands Fund.
Investment Objective
The fund aims to achieve capital growth over the long term.
Investment Policy
The fund invests at least 70% of its assets, in equities of companies from anywhere in the world, including emerging markets, and linked to the theme of consumer brands, such as companies with intellectual property, pricing power and a strong track record of growth. Investments will be made in companie s involved in the designing, manufacturing, marketing and/or selling of branded consumer goods and/or services. The fund may also invest in money market instruments on an ancillary basis. The funds largest ten holdings may account for 50% or more of its assets, resulting in portfolio concentration. The fund may invest less than 30% of its assets (directly and/or indirectly) in China A or B shares (in aggregate).
Investment Process
In actively managing the fund, the Investment Manager considers growth and valuation metrics, company financials, return on capital, cash flows and other measures, as well as company management, industry, economic conditions, and other characteristics. The Investment Manager considers ESG characteristics when assessing investment risks and opportunities. In determining ESG characteristics, the Investment Manager takes into account ESG ratings provided by Fidelity or external agencies. The fund aims to achieve an ESG score of its portfolio greater than that of its benchmark. Through the investment management process, the Investment Manager aims to ensure that investee companies follow good governance practices. For more information, see Sustainable Investing and ESG Integration and the Sustainability Annex.
SFDR Product Category
Article 8 (promotes environmental and/or social characteristics) ESG Tilt.
Derivatives and Techniques
The fund may use derivatives for hedging, efficient portfolio management and investment purposes. In addition to core derivatives (see How the Funds Use Instruments and Techniques), the fund intends to use TRS. TRS (including CFD) usage Expected 10%; maximum 50%. Securities lending Expected 15%; maximum 30%. Repos/reverse repos Expected 0%; maximum 30%.
Benchmark
MSCI ACWI Index, a broad market index that does not take into account ESG characteristics. Used for: investment selection, risk monitoring and performance comparison. The fund invests in securities of the benchmark, however, the management of the fund is discretionary, therefore the fund may invest in securities not included in the benchmark, and its performance over any period may or may not deviate significantly from that of the benchmark.
Base Currency
USD.
Main Risks
- China
- Concentration
- Counterparty and collateral
- Currency
- Derivatives
- Emerging markets
- Equities
- Hedging
- Investment fund
- Liquidity
- Market
- Operational
- Short positions
- Sustainable investing
Risk Management Method
Commitment.
Source
- Fidelity Funds, April 2026 Hong Kong Extract Prospectus:
data/fidelity/pr.ff.HK-en.HK.pdf
Historical AUM (prior source)
$835m (as of 30 April 2026, per Fidelity monthly factsheet)
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (USD) | 28.0100 |
| NAV date | 2026-10-23 |
| Daily NAV change | -0.2400 (-0.8496%) |
| 1-year performance | 0.1772% |
| 3-year performance | 34.9571% |
| Performance date | 2026-09-30 |
| Fund type | Equity Fund |
| ISIN | LU0882574139 |
Source: Fidelity Hong Kong mutual-fund directory, retrieved 2026-10-26. Observation dates are shown separately; performance figures are reproduced from the official directory in the share class currency. Historical risk and return analysis below has not been recalculated by this directory refresh.
Risk & Return Metrics
Sector Allocation
| Sector | Weight |
|---|---|
| Consumer Cyclical | 33.1% |
| Technology | 26.0% |
| Communication Services | 15.8% |
| Financial Services | 11.1% |
| Consumer Defensive | 8.0% |
| Health Care | 5.6% |
| Basic Materials | 0.3% |
Portfolio Manager
Aneta Wynimko
Share class: A-ACC-USD | ISIN: LU0882574139 | Data: yfinance (1046 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0390% | 10.34% |
| Risk (Std Dev) | 1.1912% | 18.91% |
| Metric | Value |
|---|---|
| First NAV | 20.6100 |
| Last NAV | 28.7800 |
| Total Return (period) | 39.64% |