Evidence and analysis
- Share-class currency
- USD
- ISIN
- LU0048584097
- 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 | 15.3% | 16.8% | -1.5 |
| 1-year: Underperforming | |||
| 3 years | 64.2% | 80.4% | -16.2 |
| 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 Thematic Opportunities Fund A-USD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Global Thematic Opportunities 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. It will seek exposure to long-term market themes that benefit from long-term (structural and not cyclical) economic or social tren ds, such as disruptive technologies that modify consumer behaviour, demographics (population growth, ageing and middle class growth) and climate change. Secular changes generally last for ten years or more and can lead to structural changes. Disruptive technologies are innovations that meaningfully change consumer, industry or company behavior. Demographic trends are long-term dynamics including those related to ageing population (including companies relating to healthcare and retirement consu mption), growth of the middle class (companies exposed to increased consumption, increasing financial services and urbanization), and population growth (including companies exposed to scarcity of resources and need for improving productivity and automation). The Investment Manager has the discretion on the choice of themes the fund invests in. The fund may also invest in money market instruments on an ancillary basis. The fund may invest in the following asset s according to the percentages indicated: China A and B shares (directly and/or indirectly): less than 30% (in aggregate) REITS: up to 20% SPACs: less than 5%
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 factors. 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. Through the investment management process the Investment Manager aims to ensure that investee companies follow good governance practices. A minimum of 70% of the funds assets will adhere to specific multi asset ESG criteria. For more information, see Sustainable Investing and ESG Integration and the Sustainability Annex.
SFDR Product Category
Article 8 (promotes environmental and/or social characteristics) Multi Asset ESG Tilt.
Derivatives and Techniques
The fund may use derivatives for hedging and for efficient portfolio management. 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: performance comparison.
Base Currency
USD.
Main Risks
- China
- Concentration
- Counterparty and collateral
- Currency
- Derivatives
- Emerging markets
- Equities
- Hedging
- Investment fund
- Liquidity
- Market
- Operational
- Real estate
- 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)
$1,821m (as of 30 April 2026, per Fidelity monthly factsheet)
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (USD) | 100.2000 |
| NAV date | 2026-10-23 |
| Daily NAV change | -0.3000 (-0.2985%) |
| 1-year performance | 15.2991% |
| 3-year performance | 64.1602% |
| Performance date | 2026-09-30 |
| Fund type | Equity Fund |
| ISIN | LU0048584097 |
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 |
|---|---|
| Technology | 32.3% |
| Industrials | 19.2% |
| Financial Services | 16.0% |
| Health Care | 7.7% |
| Consumer Cyclical | 7.1% |
| Basic Materials | 4.7% |
| Consumer Defensive | 3.7% |
| Communication Services | 3.6% |
| Utilities | 3.5% |
| Energy | 1.2% |
Portfolio Manager
Caroline Shaw, Julie-Ann Ashcroft
Share class: A-ACC-USD | ISIN: LU0251132253 | Data: yfinance (1048 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0471% | 12.61% |
| Risk (Std Dev) | 1.0214% | 16.21% |
| Metric | Value |
|---|---|
| First NAV | 20.7400 |
| Last NAV | 32.1700 |
| Total Return (period) | 55.11% |