The Fidelity Funds - Global Focus Fund (A-USD) seeks long-term capital growth by investing primarily in a concentrated portfolio of equity securities globally, focusing on the fund manager’s highest-conviction investment ideas across all markets and sectors.
Investment Objective
Unlike broadly diversified global funds, the Global Focus Fund takes a concentrated, high-conviction approach — typically holding significantly fewer positions than a conventional global equity fund. Each holding represents a strong conviction view from the fund manager based on extensive research.
Concentrated Portfolio Approach
A concentrated portfolio (often 20–50 stocks) allows:
- Greater differentiation from benchmark indices
- Higher potential alpha generation from best ideas
- More meaningful position sizing in high-conviction holdings
- Deeper understanding of each holding
Global Mandate
The fund can invest anywhere globally — across developed and emerging markets, large-cap and mid-cap companies, and all sectors — allowing the manager maximum flexibility to find the best opportunities.
Distributing Share Class
The A-USD share class may distribute income to investors.
Currency
Denominated in USD.
Risk Considerations
Concentrated funds carry higher single-stock and sector risk than diversified funds. Tracking error (deviation from benchmark) is typically high, meaning the fund can significantly outperform or underperform broad market indices in any given year. This fund is better suited for investors with a long time horizon and tolerance for short-term volatility.
Risk & Return Metrics
Share class: A-ACC-USD | ISIN: LU1366333091 | Data: yfinance (1005 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0365% | 9.64% |
| Risk (Std Dev) | 1.0152% | 16.12% |
| Metric | Value |
|---|---|
| First NAV | 18.7000 |
| Last NAV | 25.6200 |
| Total Return (period) | 37.01% |