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Fidelity Global Dividend Class W - Accumulation (GBP)

Sell:254.60p Buy:254.60p Change: 0.20p (0.08%)
Prices as at 5 March 2021
Change: 0.20p (0.08%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 5 March 2021
Change: 0.20p (0.08%)
Prices as at 5 March 2021
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.

Daniel Roberts searches for sustainable sources of income from companies around the world. HIs goal is to provide a moderate but growing income, rather than a higher but potentially unreliable one. He also aims to provide long-term capital growth while staying focused on sheltering investors' capital. The fund could provide international diversification to a UK-focused income portfolio, or add some steadier long-term growth potential to a more adventurous portfolio.

Our view on the sector

Equity income funds are popular with investors. Most try to generate a rising income, and increase the value of your original investment, over the long term. The income can be paid out, or reinvested to boost long-term growth. Equity income funds have traditionally focused on the UK, and there's still a strong case for UK equity income. But there's a growing case for investing globally for income too. The number of companies outside the UK offering high and rising dividends has increased rapidly. And exposure to foreign currencies will boost returns if sterling weakens, like it did after the UK voted to leave the European Union in 2016, but the reverse is true if sterling strengthens.

Performance Analysis

Over the long term Roberts has delivered strong results. He's has achieved this through one of the best stock-picking records in the sector according to our analysis, and by investing fairly conservatively. So while he's usually not quite kept up when markets have risen, he's held up much better when they've fallen. We'd expect Roberts' approach to keep delivering good long-term results, although there are no guarantees.

Investment Philosophy

Roberts looks for companies that can sustainably grow their dividends over many years. That's more important to him than what a company's yield is. He's a reasonably conservative investor, and places more importance on sheltering investors' capital than growing it.

Process and Portfolio Construction

Roberts seeks to find 45-55 companies that he thinks are easy to understand, have high-quality business models, and are financially robust. They must also be attractively priced, as he thinks valuations have the biggest impact on whether a stock will be a future winner or not. Although he doesn't set a minimum yield target for any single investment, he makes sure the portfolio as a whole yields at least 25% more than the broader global stock market. The portfolio is composed of mainly large companies from developed countries, but Roberts can also invest in higher-risk smaller companies and emerging markets, and he isn't afraid to invest in some unloved sectors.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

05/03/16 to 05/03/17 05/03/17 to 05/03/18 05/03/18 to 05/03/19 05/03/19 to 05/03/20 05/03/20 to 05/03/21
Annual return 25.97% -3.72% 12.06% 13.00% 4.99%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

manager photo
Manager Name: Daniel Roberts
Manager start date: 31 January 2012
Manager located in: London

Daniel Roberts joined Fidelity Worldwide Investment in November 2011as a global equity income portfolio manager and brings with him over 10 years investment experience. Prior to joining Fidelity, Daniel specialised in UK equity income portfolios. After working in the finance industry for seven years, Daniel started managing portfolios at Invesco in London, where he was an institutional portfolio manager. He joined Aviva in 2003 and worked on the Aviva UK equity Income portfolio, Aviva Distribution Fund and RBS Income funds. In 2009, Daniel joined Gartmore to manage their UK Equity Income Fund and ran the portfolio until the company was acquired and restructured by Henderson. Daniel holds a BSc (HoNours) in Mathematics from Warwick University and the UKSIP Investment Management Certificate. He is a Chartered Accountant and a CFA charterholder. He is also a member of the Institute of Chartered Accountants, Association for Investment Management & Research and the UK Society of Investment Professionals

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account