The Fidelity Funds - Pacific Fund (A-USD) seeks long-term capital growth by investing primarily in equity securities of companies having their registered office or exercising a predominant part of their economic activity in the countries of the Pacific Basin region, including Japan, Australia, South Korea, Taiwan, Hong Kong, and Southeast Asia.
Investment Objective
This broadly diversified Asia Pacific equity fund covers the full Pacific Basin investment universe, from developed markets (Japan, Australia, Singapore, Hong Kong) to emerging markets (South Korea, Taiwan, China, Thailand, Indonesia). It is designed to give investors comprehensive exposure to one of the world’s most economically dynamic regions.
Pacific Basin Overview
The Pacific Basin encompasses:
- Japan: World’s third-largest economy, global leader in manufacturing and technology
- Australia: Resource-rich economy with strong financial and consumer sectors
- South Korea: Technology and semiconductor powerhouse (Samsung, SK Hynix)
- Taiwan: Global semiconductor hub (TSMC, MediaTek)
- Hong Kong/China: Financial hub and the world’s second-largest economy
- Southeast Asia: High-growth emerging markets with young demographics
Investment Approach
The fund takes a bottom-up stock selection approach, identifying individual companies with strong fundamentals across the Pacific Basin. Sector and geographic weights reflect the manager’s views on relative opportunity rather than strict benchmark tracking.
Currency
Denominated in USD.
Risk Considerations
Emerging market risks, currency fluctuations across multiple Pacific currencies, geopolitical risks (Taiwan Strait, China-US tensions), and concentration risk if heavily weighted toward Japan or China.
Risk & Return Metrics
Share class: A-USD (Y-class proxy) | ISIN: LU0346391831 | Data: yfinance (1004 trading days, annualised at 252 days/year)
| Metric | Daily | Annualised |
|---|---|---|
| Expected Return | 0.0378% | 9.98% |
| Risk (Std Dev) | 1.0905% | 17.31% |
| Metric | Value |
|---|---|
| First NAV | 23.7300 |
| Last NAV | 32.6500 |
| Total Return (period) | 37.59% |