Fidelity Worldwide Investment launches demographics fund
Luxembourg domiciled Fidelity Worldwide Investment has launched a new fund to capitalise on global demographic trends.
Fidelity Funds Global Demographics Fund will invest in an unconstrained portfolio of stocks, which stand to benefit from long-term trends such as population growth, increased wealth, and population ageing.
The find will draw from an investment universe of around 1,000 companies where demographic trends are the dominant influence on earning potential.
Hilary Natoff, fund manager, said: “Demographics are, quite simply, the most powerful forces we will see in our investment lifetimes and we want to own the stocks which have the most to gain from this.”
Nicky Stafford, co-manager said: “While we are looking to achieve superior returns, we are also keen to limit the downside risk. Demographic shifts have the advantage of being predictable and can tremendously enhance and sustain the long-term earnings power of those companies well positioned to benefit.”
Minimum investment for the sterling share class is $1m (AMC 0.75%). The US dollar share have a minimum investment of $2,500 (AMC 1.5%).