Fidelity launches smid-cap ‘global future leaders’ fund 

The fund will be managed by James Abela and Maroun Younes


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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