Evidence and analysis
Fidelity Funds - Global Demographics Fund A-ACC-USD
The Fidelity Funds - Global Demographics Fund A-ACC-USD is a thematic global equity fund focused on long-term demographic trends, including aging populations, urbanization, and middle-class expansion.
Investment Objective
Latest Official Fund Data
| Metric | Current official value |
|---|---|
| NAV (USD) | 35.8300 |
| NAV date | 2026-10-02 |
| Daily NAV change | 0.4400 (1.2433%) |
| 1-year performance | 11.9677% |
| 3-year performance | 34.4030% |
| Performance date | 2026-08-31 |
| Fund type | Equity Fund |
| ISIN | LU0528227936 |
Source: Fidelity Hong Kong mutual-fund directory, retrieved 2026-10-05. 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.
Portfolio Manager
Aneta Wynimko, Alex Gold, Oliver Hextall
The fund aims to achieve long-term capital growth by investing primarily in equities of companies expected to benefit from structural demographic changes across global markets.
Key Features
- Investment Theme: Global demographics and structural population trends.
- Asset Class: Global equities.
- Risk Profile: Medium to high (equity-market and thematic concentration risk).
- Share Class: A-ACC-USD.
Performance and Risk Analysis
The NAV history below is generated from the latest available data source, with a calibrated fallback when direct API data is unavailable.
Modern Portfolio Theory (MPT) Metrics
The following metrics are calculated based on the latest multi-year historical series:
- Expected Annualised Return: See MPT chart on the main fund page.
- Annualised Risk (Std Dev): See MPT chart on the main fund page.
- Sharpe Ratio: Evaluated against a risk-free rate of 4.5%.
Strategy Context
Demographic investing seeks persistent, long-duration drivers of earnings growth. Relevant sectors may include healthcare, financial services, consumer brands, automation, and digital infrastructure serving aging and rising-income populations.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.