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Fidelity Global Technology Class W - Accumulation (GBP)

Sell:938.60p Buy:938.60p Change: 11.90p (1.28%)
Prices as at 22 August 2025
Sell:938.60p
Buy:938.60p
Change: 11.90p (1.28%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
Prices as at 22 August 2025
Sell:938.60p
Buy:938.60p
Change: 11.90p (1.28%)
Prices as at 22 August 2025
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Invest now
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 does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

The fund aims to grow investors’ money over time by investing in technology companies, or companies that will benefit significantly from technological advances.

The fund invests in undervalued companies. These are companies that might be out of favour or where the manager doesn’t feel the share price matches the company’s longer-term potential but has the potential to bounce back. The fund invests globally, including in emerging markets and smaller companies, both of which increase risk. The manager has the flexibility to use derivatives which add risk.

Investing in a single sector like technology is a higher-risk approach compared to a more diversified one. We think funds investing in a specific sector should only form a small part of a well-diversified investment portfolio.

Our view on the sector

Technology is behind almost everything we do. There will be significant winners, like Google and Amazon, large companies that fall from grace like Blackberry and Nokia, unproven companies surrounded by hype, like Uber, and smaller, speculative start-up companies that could blossom or fail altogether. Technology is an exciting sector with many interesting companies, but investing in a single area is higher-risk and a long-term investment approach is essential. A few large companies can also dominate the sector. Most technology funds invest heavily in the US which remains a global technology hub.

Performance Analysis

Since Sohn became manager in 2013, the fund’s delivered strong returns and performed better than the IA Technology sector, but performance has been slightly behind the benchmark. As with any fund or investment, there have been times when the technology sector hasn’t been in favour and the fund hasn’t performed as well.

The manager’s stock selection – the ability to pick and invest in companies that perform well regardless of their size or the country they’re in – has contributed positively to performance.

Investment Philosophy

The manager believes that understanding technology trends, innovations and new technologies is just one element in identifying companies that could deliver good performance over the long term. In order to really add value for investors, they believe it’s necessary to know companies well and buy shares in them at attractive valuations.

Process and Portfolio Construction

The manager believes that most investors have short time horizons, encouraged by the quick-moving trends and complex sub-cycles of the technology sector. By taking a longer-term view, they believe that they can benefit from other investors’ short time horizons by focusing on stocks which are currently out of favour, but whose outlook is significantly better than the current prices suggest. They tend to buy stocks earlier than other investors and sell them earlier too. This style is known as contrarian investing.

The manager aims to build a diversified fund including companies from three categories. Traditional growth stocks with a longer time horizon, cyclical (more economically sensitive) businesses with a shorter time horizon and special situations – more complex companies that could be undervalued by the market. The proportion in each will vary, but the growth category is likely to be the biggest.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

22/08/20 to 22/08/21 22/08/21 to 22/08/22 22/08/22 to 22/08/23 22/08/23 to 22/08/24 22/08/24 to 22/08/25
Annual return 36.95% 3.02% 5.25% 29.46% 14.77%

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 Name: Hyunho Sohn
Manager start date: 31 October 2013
Manager located in: TBA

HyunHo Sohn was appointed Portfolio Manager of the FF Global Technology Fund in April 2013. Prior to this, he managed a Global Technology Pilot fund, starting May 2011, which built on his investment experience as a technology-focused Research Analyst in Fidelity's Hong Kong office between 2010 and 2011. He previously also worked as a Research Analyst in Fidelity's South Korea office, where he followed Industrials stocks between 2006 and 2010.

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
Invest now