The Fidelity Funds - Asia Pacific Strategic Income Fund (A-ACC-USD) aims to provide income and capital growth by investing primarily in a diversified portfolio of income-generating assets across the Asia Pacific region, including bonds, equities, and other fixed income instruments.
Investment Objective
This is a multi-asset income fund with a strategic allocation across different asset classes in Asia Pacific. The fund seeks to generate attractive risk-adjusted returns through diversified income sources, including government bonds, corporate bonds, high-yield debt, and dividend-paying equities from the region.
Strategic Asset Allocation
The “strategic” aspect of this fund reflects the manager’s ability to dynamically allocate across asset classes based on market conditions. During periods of equity market stress, the allocation may shift toward fixed income for capital preservation, and vice versa during equity bull markets.
Asia Pacific Fixed Income
Asian bond markets have grown substantially, offering attractive yields compared to developed market equivalents. Investment-grade Asian corporate bonds, Asian high-yield, and local currency government bonds are typical components of the portfolio.
Accumulating Share Class
The ACC share class reinvests all income, making it ideal for investors who prefer compounding returns over time.
Risk Considerations
Interest rate risk, credit risk, currency risk, and emerging market volatility are all relevant for this fund. The multi-asset approach provides some diversification benefits but does not eliminate these risks.
Risk & Return Metrics
Share class: A-ACC-USD | ISIN: LU1313547892 | Data: yfinance (1005 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0073% | 1.86% |
| Risk (Std Dev) | 0.3268% | 5.19% |
| Metric | Value |
|---|---|
| First NAV | 10.5682 |
| Last NAV | 11.3132 |
| Total Return (period) | 7.05% |