The Fidelity Funds - Global Multi Asset Dynamic Fund A-ACC-HKD page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Global Multi Asset Dynamic Fund.
Investment Objective
The fund aims to achieve capital growth over the long term.
Investment Policy
The fund invests in a range of asset classes including equities, corporate and government bonds, commodities, money market instruments and REIT s f rom anywhere i n the world, including emerging markets. The fund may invest in the following assets according to the percentages indicated: bonds of any type: up to 100% investment grade bonds: up to 50% below investment grade and unrated bonds: up to 75% emerging markets bonds: up to 75% emerging markets equities: up to 75% equities: up to 100% Russian securities: up to 15% eligible commodity exposure: up to 50% China A and B shares and listed onshore bonds (directly and/or indirectly): less than 30% (in aggregate) REIT s: up to 30% hybrids and contingent convertible (CoCo) bonds: less than 30%, with less than 20% in CoCos SPACs: less than 5% The fund may also i nvest in other subordinated financial debt and preference shares. The funds exposure to distressed securities is limited to 10% of its assets.
Investment Process
In actively managing the fund, the Investment Manager will tactically allocate investments across asset classes and geographic areas (including emerging markets) based on their potential to generate capital growth or reduce overall risk. The Investment Manager takes into account Sustainability Risks in its investment process. For more information, see Sustainable Investing and ESG Integration.
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 50%; maximum 150%. Securities lending Expected 15%; maximum 30%. Repos/reverse repos Expected 0%; maximum 30%.
Benchmark
75% MSCI ACWI Index; 25% Bloomberg Global Aggregate Index, indices that do not take into account ESG c haracteristic s. Used for: performance comparison only.
Base Currency
USD.
Main Risks
- Asset allocation
- China
- CoCo bonds
- Commodities
- Convertible securities
- Counterparty and collateral
- Credit
- Currency
- Derivatives
- Distressed securities
- Emerging markets
- Equities
- Hedging
- High yield
- Interest rate
- Investment fund
- Liquidity
- Market
- Operational
- Real estate
- Russia
Risk Management Method
Commitment.
Source
- Fidelity Funds, April 2026 Hong Kong Extract Prospectus:
data/fidelity/pr.ff.HK-en.HK.pdf