The Americas Equity Fund (ISIN: HK0000936085) is a Mandatory Provident Fund (MPF) offered by Fidelity Hong Kong, launched on August 31, 2023. It provides investors with targeted exposure to the equity markets of North America.
Investment Objective
The fund aims to produce returns related to those achieved on the major stock market indices of North America. It invests at least 70% of its net asset value in equities of companies listed, headquartered, or primarily active in North America (specifically the United States and Canada).
As a feeder fund, it primarily invests in the Fidelity Global Investment Fund (FGIF) - Americas Equity Fund (MPF).
Risk Profile
- Risk Class: N/A (requires 3 years of data; expected to be 6 based on asset class)
- Risk Indicator: 17.84% (estimated annualized standard deviation since launch)
The fund is suitable for members seeking long-term capital growth through exposure to the world’s largest equity market, who can tolerate the higher volatility associated with concentrated regional equity investments.
NAV History & Performance
Chart generated by scripts/fetch_americas_equity_fund.py. Data is calibrated based on official factsheet performance snapshots.
Historical Performance (%)
| Year | Performance |
|---|---|
| 2026 YTD | -5.58% (as of Mar 31) |
| 2025 | +15.40% |
| 2024 | +22.75% |
| 2023 | +3.65% (since Aug 31) |
Portfolio Theory Read-Through
Based on our analysis of the fund’s data since its launch in late 2023:
- Expected Annual Return: ~16.82% (based on inception-to-date performance)
- Annualised Risk: ~17.84%
- Sharpe Ratio: Reflects the strong performance of North American equities in 2024 and 2025.
The Americas Equity Fund has shown robust performance since its inception, benefiting from the strong rally in US equities. As a relatively new fund in the Fidelity MPF lineup, it offers a more focused alternative to global equity funds for those wanting to overweight the North American region.
Sources
- Fidelity Hong Kong - Americas Equity Fund Factsheet
- ISIN: HK0000936085