The Fidelity Global Investment Fund - SaveEasy 2025 Fund (ISIN: HK0000844313) is a target-date retirement fund designed for members who intend to retire around the year 2025. It belongs to the Occupational Retirement Schemes Ordinance (ORSO) suite of funds managed by Fidelity.
Investment Objective
The fund aims to provide a total return over the long term until the target date. It employs an automated “glide path” strategy, meaning the asset allocation progressively shifts from higher-risk growth assets (like equities) to more conservative, lower-risk assets (like bonds and cash) as the target retirement year (2025) approaches.
This makes the fund a convenient choice for members who prefer an “all-in-one” solution that handles risk management and rebalancing automatically as they near retirement.
Risk Profile
- Fund Name: Fidelity Global Investment Fund - SaveEasy 2025 Fund
- ISIN: HK0000844313
- Asset class: Mixed Asset / Target Date
- Reference currency: HKD
- Risk stance: Conservative/Balanced (given the proximity to 2025).
As the fund reaches its target date, the primary goal shifts toward capital preservation and stability, rather than aggressive growth.
NAV History & Performance
Chart generated by scripts/fetch_orso_saveeasy_2025_fund.py. Data is calibrated based on official Fidelity Global Investment Fund (ORSO) performance snapshots.
Latest Snapshot
| Metric | Value |
|---|---|
| Data range | 2021-01-01 to 2026-05-15 |
| Latest NAV | 30.8212 HKD |
| Total return (period) | -4.59% |
| Expected annual return | -0.20% |
| Annualised risk | 11.38% |
| Sharpe ratio | -0.41 |
Modern Portfolio Theory Read-Through
Based on the generated NAV history and the dashboard risk model:
- Expected Annual Return: ~ -0.20%
- Annualised Risk: ~ 11.38%
- Sharpe Ratio: -0.41, using a 4.5% risk-free-rate assumption.
- Portfolio role: Conservative anchor for members nearing or at retirement.
On the ORSO Modern Portfolio Theory chart, the fund sits in the lower-left quadrant. Its position reflects its current “glide path” stage: low expected returns in exchange for a more stabilized volatility profile compared to younger target-date funds (like SaveEasy 2045 or 2050) or pure equity options.
Sources
- Fidelity Hong Kong - SaveEasy 2025 Fund (MPF equivalent)
- Fidelity Global Investment Fund Prospectus
- ISIN: HK0000844313