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Fidelity Global Demographics Fund

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About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/101225-2024-07-23-12:37.pdf
FUND MANAGER FIL Investment Management (Australia)
ASX Code FDEM*
APIR FID0023AU
ASSET CLASS EXCHANGE TRADED FUNDS
INVESTMENT STYLE The Fund invests in companies globally where demographic factors are likely to be the most important driver of companies earnings over the medium-to-long term.
INVESTMENT PROFILE The Fund aims to achieve returns in excess of the Benchmark over the suggested minimum investment time period of five to seven years.
CURRENCY MANAGEMENT Unhedged
INCEPTION DATE 30-11-2012
BENCHMARK MSCI All Country World Index NR
FUND SIZE MSCI All Country World Index NR
DISTRIBUTION FREQUENCY Yearly
NO. OF HOLDINGS
FEES 0.89% p.a.
STRUCTURE

Benefits

Benefits

Benefits of investing in the Fidelity Global Demographics Fund

Some of the benefits that may arise from an investment in the Fund include:

 

 

  •  Potential for long-term capital growth and enhanced performance
     from active management
     
  • Access to a portfolio which focuses on quality and growth companies
     and aims to deliver consistent returns through different market cycles 

 

  • Access to the investment knowledge and expertise of Fidelity’s global
     network of investment professionals
RISK LEVEL high
INVESTOR SUITABILITY

Investor suitability

Investors looking for a global equities investment who have a tolerance for a very high amount of risk.

Risks

Title
Detail

Key Features

About the Fund

A diversified portfolio of typically 50 to 70 companies globally where demographic factors are likely to be the most important driver of companies earnings over the medium-to-long term.

Uses a rigorous analysis to categorise companies into whether they have already benefited from demographic trends and those who are likely to win in the future - typically domestic leaders in new growth markets or innovators.

A portfolio of both winners of today' and winners of tomorrow' focused on companies with strong management and diversified across geographies and market cap.

The Fidelity Global Demographics Fund has features which include:

 

 

  •  An actively managed portfolio of global shares
     
  • An investment approach driven by fundamental research that seeks to invest in companies whose growth is likely to be driven by and benefit from demographic drivers 
  • A focus on quality and growth companies with strong environmental, social and governance (ESG) credentials

 

 

Mandate

How we invest your money

The Fund invests in a portfolio of actively managed securities, in relation to which Fidelity believes demographic factors in markets in which those companies operate are the single-most-important drivers of the growth of those companies. Relevant demographic factors include population growth, the emergence of new middle classes and an ageing population.

The Fund adopts an unconstrained bottom-up stock picking approach, looking for companies whose earnings power is - or will be - sustained by demographic trends.

The portfolio will generally consist of two types of companies:

  1. Global leaders, whom we believe are dominant in their respective areas that already benefit from demographic factors to deliver a proven track record of earnings growth and high returns even in tough economic conditions. Usually these are larger companies listed in developed markets, although they will often have extensive global networks that allow them to harness the benefits of demographic changes in emerging markets.
  2. Domestic leaders in new growth markets, or innovators bringing new products to market that we believe benefit from demographic factors with the potential for strong future growth. These companies are often more local in nature and have a mid- to small-cap bias. We believe these companies offer higher return potential but are also more volatile stocks and therefore tend to be smaller positions in the Fund.

The Fund's exposure to international securities will not be hedged back to Australian dollars. This means that the value of an investment in the Fund will change not only on the basis of a change in asset values, but also because of movements in exchange rates.

Asset classes and ranges

  • Global Securities: 90% to 100%
  • Cash: 0% to 10%