Fidelity International has launched the Fidelity Global Future Leaders Fund.
The new offering provides investors with access to developed market small and mid-cap equities which have been identified by the asset manager as ‘future leaders’.
The fund will be managed by James Abela and Maroun Younes and hold 40-70 stocks. The ongoing charges figure (OCF) is 0.9% and its benchmark is the MSCI World Mid Cap (Net) Index.
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A minimum of 50% of the fund’s assets are invested in securities deemed to maintain sustainable characteristics.
The stocks the pair will select are typically in the early stages of growth underpinned by a structural shift, technology-led disruption or changing consumer behaviour, Fidelity said.
The firm expects new leaders will continue to emerge from the mid-cap segment, in part due to the difficulties incumbents face in ‘staying ahead of the curve’.
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Abela commented: “There’s so much more to global investing than the mega household names such as Apple and Amazon that everyone is familiar with, and perhaps already own. There is a whole world out there and so many diverse opportunities, which are often under-researched.
“Yet therein lies the opportunity, since the relative lack of research on mid caps and small caps increases the likelihood that high-quality businesses with tremendous growth potential are flying under the radar and trading at attractive valuations.”
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