Fidelity International has launched two new global equity funds, a Global Smaller Companies Fund and a Global Founders Fund.
Both funds provide investors with access to established investment approaches developed by Fidelity Investments, a separate US-based company.
Fidelity International will act as the management company for the funds, while a subsidiary of Fidelity Investments will serve as sub-investment manager and is responsible for the investment strategy and underlying research.
The FF Global Smaller Companies Fund aims to achieve capital growth over the long term by focusing on the global small cap universe – an area the firm said is often less extensively researched and can therefore offer a broad opportunity set for active investors.
The fund typically holds around 125 companies and is managed by Shah Badkoubei.
Meanwhile, the FF Global Founders Fund is designed to achieve capital growth over the long term by investing in companies where a founder, their family or foundation remain closely involved in leadership or governance.
The strategy is based on the philosophy that significant ownership of a business has a positive impact on both corporate and stock market performance.
Managed by portfolio manager Thomas Williams, the portfolio invests in 40-60 businesses captured in Fidelity Investments’ proprietary global database of founder-led companies.
Dennis Pellerito, head of wholesale UK at Fidelity International, said: “Investors are increasingly looking for differentiated ways to access global equity markets, particularly in an environment where market leadership has narrowed and many portfolios are becoming more correlated.
“These new funds expand the range of value-add strategies available to our clients, providing unique access to Fidelity Investments’ global research capabilities and distinctive investment approaches to help investors build more resilient portfolios.”
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