Bestinvest says
Historic performance on this fund has been good but with a new and relatively inexperienced manager at the helm it does not qualify for a Bestinvest rating at present. As a core holding please consider one of our buy rated global equity funds such as Aberdeen World Equity.
The fund is invested in a diversified portfolio primarily made up of the shares of companies from around the world The manager favours companies with a competitive advantage over their peers, pricing power and looks for investments where he can identify a catalyst for value realisation.
The fund also draws on Fidelity's proprietary research from its wide regional analysts in its network of global offices. However, the manager likes to meet as many portfolio companies as possible in order to assess their management. Though he takes a bottom-up approach (i.e.analysing a company in its own right) to portfolio construction, this is overlain with a macro view (global economic influences) and the portfolio will include long term investment themes and on this basis the manager is guided by a team of six global sector specialists.