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This fund aims to achieve above average capital growth through investment in a wide range of Fidelity's OEIC sub-funds which cover markets throughout the world.
A fund of internal funds is the approach thus taken, with a resulting balanced, medium risk portfolio.
Asset allocation is in line with the house style and does not deviate markedly from its internal benchmark.
The fund manager feels that 70% of the value is added through successful stock picking from the underlying fund managers but 20% comes from fund selection and 10% from asset allocation. Therefore 30% is derived from the manager. Skelt will alter the weights of the underlying managers in order to best exploit their style bias, i.e. value or growth.