Fidelity expands range with Global Future Leaders fund

James Abela fidelity

30 September 2020
| By Laura Dew |
image
image
expand image

Fidelity International has launched the Global Future Leaders fund to provide exposure to global mid and small-cap stocks.

Co-managed by James Abela and Maroun Younes, it would hold between 40 to 70 stocks between US$1 billion ($1.41 billion) and US$40 billion.

It was a version of its Future Leaders fund which was launched on 2013 to invest in Australian small and mid-cap stocks.

Stocks would be chosen based on their viability, sustainability, and credibility, and then sub-divided by quality, value, transition and momentum.

“The small and mid-cap portion of the market offers investors exposure to inefficiently priced or undiscovered companies in their earlier stages of growth or maturity, and the associated upside growth prospects,” said the pair.

“In effect, we are looking for the stars of tomorrow, today – attractively valued companies with strong competitive positioning and sound company management.”

According to FE Analytics, within the Australian Core Strategies universe, the Fidelity Future Leaders fund returned 3.5% over one year to 31 August, 2020, versus returns by the Australian small and mid-cap sector of 7.8%.

Performance of Fidelity Future Leaders versus Australia small and mid cap sector over one year to 31 August 2020

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

9 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 14 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 12 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 15 hours ago