The Fidelity Funds - Euro Cash Fund A-Euro page has been refreshed from Fidelity Funds’ April 2026 Hong Kong Extract Prospectus. The PDF fund description is for Euro Cash Fund.
Investment Objective
The fund aims to offer returns in line with money market rates over the recommended holding period.
Investment Policy
The fund invests at least 70% (and normally 75%) in euro denominated money market instruments such as reverse repurchase agreements and deposits. The fund qualifies as a short-term VNAV money market fund and it is rated Aaa-mf by Moodys Investor Services, Inc.
Investment Process
In actively managing the fund, t he Investment Manager uses fundamental and relative analysis to select issuers and short term securities whilst constructing a high quality portfolio with a focus on liquidity and risk management. The Investment Manager considers ESG characteristics when assessing investment risks and opportunities. In determining ESG characteristics, the Investment Manager takes into account ESG ratings provided by Fidelity or external agencies. The fund aims to achieve an ESG score of its portfolio greater than that of its investment universe. Through the investment management process the Investment Manager aims to ensure that investee companies follow good governance practices. For more information, see Sustainable Investing and ESG Integration and the Sustainability Annex.
SFDR Product Category
Article 8 (promotes environmental and/or social characteristics) ESG Tilt.
Derivatives and Techniques
The fund may use derivatives only for the purpose of hedging the interest rate or exchange rate risks inherent in other investments of the fund. TRS (including CFD) usage None. Securities lending Expected 0%; maximum 0%. Repos/reverse repos Expected 0%; maximum 10/15%.
Benchmark
None.
Base Currency
EUR.
Main Risks
- Concentration
- Counterparty and collateral
- Credit
- Currency
- Derivatives
- Hedging
- Interest rate
- Liquidity
- Market
- Operational
- Sustainable investing
Risk Management Method
Commitment.
Source
- Fidelity Funds, April 2026 Hong Kong Extract Prospectus:
data/fidelity/pr.ff.HK-en.HK.pdf