Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

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LU0971096721
Fidelity Global Financial Services Fund (Dist.)

  • Equities
  • Global
  • USD Cash
  • Distributing
Invest with
USD Cash
Payout type
Distributing
Risk rating
6
About this fund
Description
The Fund aims to provide investors with long-term capital growth, principally through investment in the equity securities of companies throughout the world which are involved in providing financial services to consumers and industry.
Key information
Annual report
Key fact sheet
Prospectus
Factsheet
Our perspective
Why we think this fund is best-in-class
product
Product
Offers sector specific exposure to the Financial Sector in a diversified (from traditional to fintech) manner. Relatively defensive as 1) financial services sector holdings generally exhibit stable dividends and earnings, and 2) fund has a quality focus.
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people
People
The fund is managed by Muhammad (Mac) Elatab and Lee Sotos who are long-standing members of Fidelity’s Financials Sector team. Fidelity is known for having one of the largest research teams in the industry with over 400 investment specialists of globally of which 28 are dedicated to the Financials / Real Estate sector.
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performance
Performance
Amongst the best performers in its category on a risk adjusted basis since inception in 2010. Volatility comparable to index; the strategy aims to tilt towards higher quality companies that are likely to deliver reliable earnings growth and enjoy a higher return on equity.
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process
Process
In-depth stock selection complemented by a macro overlay that helps guide exposures/risk taking. No strict exposure or stop-loss limits are applied for this fund.
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cost
Cost
Retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
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selectionCriteria
How it fits in a portfolio
The Fund can be an attractive proposition for investors with a specific interest in the Financial Services sector, as the Fund provides broad exposure ranging from traditional banks to investment management firms and payment service providers. The accounting and regulatory complexity of financial companies, coupled with the relatively low research coverage, can also provide a fertile ground for alpha generation. At the same time, investors should be aware that the Fund is focused on a single sector and has significant exposure to US-listed companies. Therefore, diversification remains key when considering an investment in the Fund. The Fund should be used as a satellite holding to complement core allocations.
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Invest in this fund
Performance
Shows the total return of this distributing fund, which includes dividends paid out.
Total returns
All Time
176.35%
YTD
19.10%
1 month
2.06%
6 month
10.82%
1 year
23.52%
3 year
78.90%
5 year
104.71%
10 year
157.67%
As of Aug 2025
Distributions
0.05%
01 Aug 2025
Risk metrics
Max drawdown
-29.76%As of Aug 2025
Volatility
16.54%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-7.2%0.2%-1.1%0.4%5.1%2.8%1.2%2.1%----
202422.9%2.3%2.4%4.1%-2.5%3.0%0.2%4.7%3.0%1.0%0.7%7.3%-5.0%
202317.0%8.8%-0.5%-8.2%4.5%-4.1%7.2%4.7%-3.0%-1.5%-4.7%9.3%5.2%
2022-15.1%-1.2%-4.4%-1.0%-9.1%2.1%-10.3%5.1%-0.6%-7.5%8.6%6.0%-1.9%
202122.4%-1.2%9.1%3.2%5.8%3.3%-2.3%0.2%3.9%-1.6%4.8%-6.6%2.9%
Load more5 of 13
Top Exposures
JPMorgan Chase & Co8.41%
Berkshire Hathaway Inc Class B6.51%
Visa Inc Class A4.30%
Wells Fargo & Co3.43%
Mastercard Inc Class A3.35%
Allianz SE2.96%
Interactive Brokers Group Inc Class A2.95%
Morgan Stanley2.95%
DBS Group Holdings Ltd2.79%
Intercontinental Exchange Inc2.52%
Mitsubishi UFJ Financial Group Inc2.50%
Nasdaq Inc2.45%
AXA SA2.44%
Mizuho Financial Group Inc2.25%
Arthur J. Gallagher & Co2.21%
Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.
Fund fees
1.89%1.42% p.a.
Save 24%
Fund facts
ISIN
LU0971096721
Fund house
Fidelity
Fund size
US$1.8B
As of 31 Aug 2025
Fund inception date
16 Oct 2013
Fund class currency
USD
Oldest share inception date
01 Sep 2000
Pricing frequency
Daily

Warning statements

  • All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
  • Past performance is not indicative of future performance.
  • Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
  • If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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