A diversified portfolio of 80-120 of some of the best ideas globally drawn from Fidelity's global research and financial modelling.
Uses a rigorous bottom-up stock selection process that focuses on finding companies with sustainable pricing power, strong management and companies investing for future growth.
Currency exposure is substantially hedged back to Australian Dollars.
The Fund aims to provide sustained compounding returns, and seeks to manage downside risk by diversifying across sectors, countries and companies.
Designed to be a core holding, the Fund has a 20+ year proven track record of solid performance.
A global team providing unique insights into investment themes and ideas backed by 400+ Fidelity investment professionals.
Ashish, the Lead Portfolio Manager for the Fidelity Global Equities Fund reveals what he still finds alluring about investing and global equities after nearly two decades and the benefits of the Fidelity research platform which gives him the ability to identify some of the best global opportunities across the globe.
See for yourself how the fund has performed since inception. The chart below represents the value now of $10,000 invested in the Fidelity Global Equities Fund from the Fund's inception in September 2005 compared with $10,000 invested in the MSCI All Country World Index AUD Hedged.
Chart as at: 31 October 2024
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI All Country World Index NR AUD Hedged (effective 1 November 2011). Benchmark prior to 1 November 2011 is MSCI World index Hedged in AUD. The major difference between the two indices is the inclusion of the 21 emerging market country indices in the MSCI ACWI Index 100% Hedged to AUD. In December 2006, the benchmark for the fund changed from MSCI World Index ex Australia hedged in AUD to the MSCI World Index hedged in AUD. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net returns as at 31 October 2024
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (29/09/05) % pa |
|---|---|---|---|---|---|---|---|
| Fund | 24.17 | 2.81 | 9.57 | 8.75 | 9.68 | 11.45 | 8.44 |
| Benchmark | 30.69 | 5.45 | 10.16 | 8.96 | 9.49 | 11.06 | 8.27 |
| Active return | -6.52 | -2.64 | -0.59 | -0.21 | 0.19 | 0.39 | 0.17 |
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI All Country World Index NR AUD Hedged (effective 1 November 2011). Benchmark prior to 1 November 2011 is MSCI World index Hedged in AUD. The major difference between the two indices is the inclusion of the 21 emerging market country indices in the MSCI ACWI Index 100% Hedged to AUD. In December 2006, the benchmark for the fund changed from MSCI World Index ex Australia hedged in AUD to the MSCI World Index hedged in AUD. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net as at 31 October 2024
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (29/09/05) % pa |
|
|---|---|---|---|---|---|---|---|
| Total return | 24.17 | 2.81 | 9.57 | 8.75 | 9.68 | 11.45 | 8.44 |
| Growth | 24.17 | 2.81 | 9.29 | 8.55 | 9.53 | 9.33 | 5.68 |
| Income | - | - | 0.28 | 0.20 | 0.14 | 2.13 | 2.76 |
Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI All Country World Index NR AUD Hedged (effective 1 November 2011). Benchmark prior to 1 November 2011 is MSCI World index Hedged in AUD. The major difference between the two indices is the inclusion of the 21 emerging market country indices in the MSCI ACWI Index 100% Hedged to AUD. In December 2006, the benchmark for the fund changed from MSCI World Index ex Australia hedged in AUD to the MSCI World Index hedged in AUD. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-24 | 0.0000 | N/A |
CPU = cents per unit. The above cash CPU excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement. If the Distribution CPU column is 0.0000 it means that nothing was distributed.
As at 31 October 2024
As at 31 October 2024
As at 31 October 2024
| % total net assets | |
|---|---|
| BERKSHIRE HATHAWAY INC DEL | 5.4% |
| VISA INC | 4.8% |
| MICROSOFT CORP | 4.4% |
| APPLE INC | 4.1% |
| AIRBUS SE | 3.9% |
| ANSYS INC | 3.8% |
| AMAZON.COM INC | 3.8% |
| ADOBE INC | 3.4% |
| ALPHABET INC | 3.3% |
| TAIWAN SEMICONDUCTOR MFG CO LTD | 3.2% |
As at 31 October 2024
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | 5.4 | 0.8 | 4.6 |
| VISA INC | 4.8 | 0.6 | 4.2 |
| AIRBUS SE | 3.9 | 0.1 | 3.8 |
| ANSYS INC | 3.8 | 0.0 | 3.8 |
| ADOBE INC | 3.4 | 0.3 | 3.1 |
As at 31 October 2024
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| NVIDIA CORP | 0.8 | 4.3 | -3.5 |
| TESLA INC | 0.0 | 0.9 | -0.9 |
| ELI LILLY & CO | 0.0 | 0.9 | -0.9 |
| JPMORGAN CHASE & CO | 0.0 | 0.8 | -0.8 |
| EXXON MOBIL CORP | 0.0 | 0.7 | -0.7 |
| Organisation | Rating / Recommendation |
|---|---|
|
Lonsec
|
Investment grade4
The Lonsec report is only available to financial advisers, please contact us for a copy
|
| Morningstar | Neutral5 |
| Zenith | Recommended6 |
This Fund is substantially hedged (although not 100% hedged) and is also subject to the fluctuations in international stock markets. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
1Management costs and buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.
2Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.
