Fidelity International will be launching four active exchange traded funds (ETFs) for Australian investors. Its Fidelity Australian High Conviction Fund, Fidelity Asia Fund, Fidelity India Fund and Fidelity Global Future Leaders Fund will be made available as actively managed ETFs via the Australian Securities Exchange (ASX) under ticker codes: ‘FHCO, ‘FASI, ‘FIIN and ‘FCAP. The Fidelity Asia Fund, Fidelity India Fund and Fidelity Global Future Leaders Fund will launch on 31 May 2024 and the Fidelity Australian High Conviction Fund, previously known as the Fidelity Australian Opportunities Fund (renamed on 20 May 2024), will launch on 3 June 2024.
Fidelity’s managing director, Lawrence Hanson commented: “Making these four strategies available as ETFs allows investors easy access to some of our most popular funds in Australia, with solid long-term track records. Whether they are seeking exposure to offshore market opportunities like Asia, India or global small to mid-caps, or to a high quality concentrated Australian strategy, investors can now tap into our 400+ investment professionals in one simple trade.
“Investors enjoy the ease of investing and transacting through ETFs. We have seen growing demand for accessible and flexible investment solutions among Australian investors, and the ETF structure enables us to offer our clients an alternative option on how they invest in our products.
“That is why we are launching more of our top strategies through this vehicle,” said Mr Hanson.
The Fidelity Australian High Conviction Fund was established on 31 July 2012 and is managed by Australian-based Casey McLean. The Fund is a concentrated portfolio of 20-40 Australian high-quality stocks, with risk management at its core. The Fund leverages Fidelity’s 20 years’ investment experience in Australia and insights from our global network.
The Fidelity Asia Fund was established on 29 September 2005 and is managed by Singapore-based portfolio manager, Anthony Srom. The Fund is a concentrated portfolio of 20 to 35 of our best investment opportunities across the Asia Pacific (ex-Japan) region, and benefits from insights from our large on-the-ground team and 50 years’ investing in the region.
The Fidelity India Fund was established on 29 September 2005 and is managed by Singapore-based portfolio manager, Amit Goel. The Fund gives investors access to the growth story of India, by investing in a diversified portfolio of 40 to 60 stocks. Using research from our large-on-the-ground team of analysts, we’ve been focused on finding quality businesses with strong management for more than 18 years.
The Fidelity Global Future Leaders Fund was established on 28 September 2020 and is managed by Australian-based portfolio managers, James Abela and Maroun Younes. The Fund invests in quality high-potential companies in global small and mid-caps. The fund is co-managed, using a unique investment process designed to deliver smoother returns through market cycles, and benefits from the insights from our 400+ investment professionals around the world.
