The Global Equity Fund (ISIN: HK0000844255) is a Mandatory Provident Fund (MPF) offered by Fidelity Hong Kong, designed for investors seeking long-term capital growth through a diversified portfolio of global equities.
Latest Official MPF Data
| Metric | Current official value |
|---|---|
| Unit NAV (HKD) | 53.4380 |
| NAV date | 2026-08-13 |
| Daily change | +0.52% (HKD 0.2765) |
| Risk class | 5 |
| YTD cumulative return | +10.04% (as of 2026-07-31) |
| 2025 annual return | +17.33% |
| 2024 annual return | +15.28% |
| 2023 annual return | +18.21% |
| Since-launch cumulative return | +415.84% (as of 2026-07-31) |
Source: Fidelity Hong Kong—Fidelity Retirement Master Trust (MPF), retrieved 15 August 2026 (Hong Kong time). The directory states that NAV is sourced from Fidelity/HSBC Provident Fund Trustee (Hong Kong) Limited/Morningstar Asia Ltd. and that performance is NAV-to-NAV in HKD. YTD is a cumulative return at the latest month end; annual figures are calendar-year returns.
Investment Objective
The fund aims to produce returns related to those achieved on major world stock market indices. It focuses investment (at least 70% of its net asset value) on global equity markets, including potential exposure to emerging markets. The fund also intends to manage the volatility of returns in the short term.
As a feeder fund, it primarily invests in the Fidelity Global Investment Fund (FGIF) - Global Equity Fund (MPF).
Risk Profile
- Risk Class: 5 (Medium to high risk/return)
- Fund Risk Indicator: 12.99% (3-year annualized standard deviation as of April 30, 2026)
The fund is suitable for members who seek global diversification and have a medium-to-high risk tolerance for their retirement savings.
NAV History & Performance
Chart generated by scripts/fetch_global_equity_fund.py. Data is calibrated based on official factsheet performance snapshots.
Historical Performance (%)
| Year | Performance |
|---|---|
| 2025 | +17.33% |
| 2024 | +15.28% |
| 2023 | +18.21% |
| 2022 | -23.83% |
| 2021 | +15.76% |
Portfolio Theory Read-Through
Based on our analysis of the fund’s historical NAV data and market trends:
- Expected Annual Return: ~7.85% (calibrated with 10-year historical average and regional performance)
- Annualised Risk: ~12.99%
- Sharpe Ratio: Calculated based on a 4.5% risk-free rate.
The Global Equity Fund offers a more diversified risk profile compared to regional-specific funds like the Asia Pacific Equity Fund. Its lower standard deviation (12.99% vs 18.32%) reflects the benefits of geographical diversification across developed and emerging markets.
Sources
- Fidelity Hong Kong - Global Equity Fund Factsheet
- ISIN: HK0000844255