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Fidelity Index World Class P - Income (GBP)

Sell:271.42p Buy:271.42p Change: 1.33p (0.49%)
Prices as at 13 June 2024
Sell:271.42p
Buy:271.42p
Change: 1.33p (0.49%)
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 13 June 2024
Sell:271.42p
Buy:271.42p
Change: 1.33p (0.49%)
Prices as at 13 June 2024
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.

Index tracker funds, or 'trackers' are a convenient and low-cost way to achieve lots of diversification. By tracking the whole of the developed world stock market, this fund provides exposure to lots of different countries and companies. That means it could be a useful option for adding international diversification to a more UK-focused portfolio, or a simple way to form the equity foundation of a portfolio.

Our view on the sector

It's natural for UK investors to focus on funds investing in their home market. But as the world has become more connected, so has the investment landscape. There are lots of funds investing across the globe, and these can be a great way to diversify an investment portfolio. Funds in the global sector can invest anywhere in the world. But they go about this in different ways. They vary in how much they can invest in certain types of companies, sectors, countries, or regions. Some focus on developed markets or large multinational corporations, while others invest more in higher-risk emerging markets or smaller companies. Some target companies with higher-growth expectations and others search for unloved companies with the potential to recover.

Performance Analysis

The fund has tracked the developed global stock market very closely since it launched in 2012. In some years, it's tracked the index closer than others but over the long-term, it's done its job well. We'd expect this to continue, although there are no guarantees.

Investment Philosophy

Tracker funds are one of the simplest ways to invest. The fund aims to match the performance of an index, rather than beat it. They usually do this by investing in every company in the index. This means they don't need analysts to research individual companies, which helps keeps costs to a minimum. If the fund's costs are low, it's likely to track the index more closely over time.

Process and Portfolio Construction

The fund aims to copy the developed global stock market, which is made up of large and medium-sized companies from countries such as the US, Japan and Europe, including the UK. The fund aims to fully replicate the index by investing in virtually all 1,500+ companies, although sometimes the smallest companies aren't included for efficiency and cost-savings. The team behind the fund works out how to make the necessary changes to the portfolio in the most efficient and cost-effective way, and also has to decide how to handle corporate action events such as dividends, rights issues, mergers and acquisitions. They're able to use derivatives to help them run the fund efficiently, which can add risk if used. Though these usually make up a small proportion of the portfolio.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

13/06/19 to 13/06/20 13/06/20 to 13/06/21 13/06/21 to 13/06/22 13/06/22 to 13/06/23 13/06/23 to 13/06/24
Annual return 4.88% 24.96% 4.11% 7.52% 20.73%

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: Geode Capital
Manager start date: 10 December 2012
Manager located in: Boston

Geode Capital Management is based in Boston USA and provides global investment solutions across multiple asset classes. Founded in 2001 to develop systematic investment strategies. Privately owned with independent board.

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