The Fidelity Funds - Global Thematic Opportunities Fund (A-USD) seeks long-term capital growth by investing in a portfolio of global equities selected on the basis of long-term structural themes that are expected to drive economic growth and business transformation over multiple decades.
Investment Objective
This fund takes a multi-thematic approach, investing across several concurrent structural megatrends simultaneously. Rather than focusing on a single theme, the fund diversifies across multiple secular growth trends, reducing the risk of any single theme underperforming.
Thematic Investing Philosophy
Thematic investing focuses on long-term structural changes rather than short-term economic cycles. Key megatrends typically include:
- Digital transformation: Cloud, AI, automation, and the digitization of all industries
- Healthcare innovation: Genomics, precision medicine, aging population solutions
- Sustainability: Clean energy, circular economy, water and resource efficiency
- Future of consumption: E-commerce, digital payments, emerging market consumers
- Infrastructure: 5G, electric vehicles, smart cities
Advantages of Multi-Thematic
By diversifying across themes, the fund avoids the pitfall of single-theme concentration while still capturing above-market returns from structural growth trends. When one theme faces headwinds, others may provide offsetting performance.
Distributing Share Class
The A-USD share class may distribute income.
Risk Considerations
Thematic funds can be volatile and experience periods of underperformance when their themes are out of favour. Overlap between holdings across themes, valuation risks in early-stage thematic companies, and the challenge of correctly identifying durable themes are key risks.
Risk & Return Metrics
Share class: A-ACC-USD | ISIN: LU0251132253 | Data: yfinance (1005 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0329% | 8.65% |
| Risk (Std Dev) | 1.0088% | 16.01% |
| Metric | Value |
|---|---|
| First NAV | 20.7400 |
| Last NAV | 27.4300 |
| Total Return (period) | 32.26% |