Investment Objective
The fund aims to provide a positive absolute return with low correlation to traditional asset classes over the medium to long term. Managed by Fidelity’s Systematic Equities team, this fund offers investors a diversified source of absolute returns. It gives exposure to the breadth and depth of Fidelity’s fundamental research by taking long exposure in the highest conviction Buy rated companies and short exposure in the highest conviction Sell rated companies in a portfolio of around 150-200 stocks.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.6 | 0.5 | 0.8 | 1.0 | 0.8 | 0.5 | 0.4 | 1.0 | 0.5 | 0.4 | 0.1 | 0.5 | 0.6 | |
| 2022 | 0.9 | 0.0 | 0.0 | 0.4 | 0.7 | 0.5 | 0.2 | 0.5 | 0.2 | 0.0 | 1.0 | 0.9 | 0.3 |
