The Fidelity Funds - Australian Diversified Equity Fund (ISIN: LU0261950041) is an equity fund available for Occupational Retirement Schemes Ordinance (ORSO) members seeking exposure to the Australian stock market. It aims to achieve long-term capital growth by investing in a diversified portfolio of companies listed on the Australian Securities Exchange (ASX).
Investment Objective
The fund focuses on identifying companies across various sectors in Australia that offer sustainable growth potential. This includes exposure to the country’s strong financial services sector, its world-leading mining and resources industry, and a range of industrial and consumer-oriented businesses.
For ORSO scheme members, this fund provides a way to diversify their equity allocation beyond Hong Kong and global mandates, tapping into the specific economic drivers of the Australian economy.
Risk Profile
- Fund Name: Fidelity Funds - Australian Diversified Equity Fund
- ISIN: LU0261950041
- Asset class: Equity
- Reference currency: AUD
- Risk stance: High, reflecting the volatility of a single-country equity market and exposure to the Australian Dollar.
As with any single-market equity fund, investors should be prepared for volatility related to commodity prices, local interest rates, and global trade dynamics affecting Australia.
NAV History & Performance
Chart generated by scripts/fetch_orso_australian_diversified_equity_fund.py. Data is calibrated based on official performance milestones and latest NAV snapshots.
Latest Snapshot (Accumulating Class)
| Metric | Value |
|---|---|
| Data range | 2021-04-28 to 2026-04-28 |
| Latest NAV | 33.6000 AUD |
| Expected annual return | ~ 9.34% |
| Annualised risk | ~ 21.20% |
| Sharpe ratio | 0.23 |
Modern Portfolio Theory Read-Through
Based on the generated NAV history and the dashboard risk model:
- Expected Annual Return: ~ 9.34%
- Annualised Risk: ~ 21.20%
- Sharpe Ratio: 0.23, using a 4.5% risk-free-rate assumption.
- Portfolio role: Regional growth diversifier.
On the ORSO Modern Portfolio Theory chart, the fund sits in the higher-volatility cluster. Its position reflects the typical risk-reward profile of Australian equities: significant growth potential and strong dividends, but with the “beta” of a resources-heavy market. For ORSO portfolios, it serves as an effective diversifier against Asian and US equity cycles.
Sources
- Fidelity Hong Kong - Australian Diversified Equity Fund Factsheet
- Fidelity Funds Prospectus
- ISIN: LU0261950041