A minimum of 50% of the fund’s assets will be invested in securities deemed to maintain sustainable characteristics, Fidelity added.
The Fidelity Global Future Leaders fund aims to invest in firms that are typically in the early stages of growth, propelled by a structural shift, technology-led disruption or changing consumer behaviour.
With a portfolio of between 40 to 70 firms, 40% of the fund will be allocated to 'quality' companies, 30% to 'value' companies, 20% to 'transition' companies and 10% to 'momentum' companies, while a minimum of 50% of the fund's assets will be invested in securities deemed to maintain sustainable characteristics.
Hargreaves Lansdown adds BNY Mellon US Equity Income to Wealth Shortlist
Managed by James Abela and Maroun Younes, the fund uses the MSCI World Mid Cap (Net) index as its benchmark. The fund has an ongoing charges figure of 0.9%.
Abela said: «There is 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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