LU1363072403
Fidelity Global Financial Services Fund

Equities
Financial service
Global
SGD Cash, SRS
Accumulating

Invest with

SGD Cash, SRS

Payout type

Accumulating

Risk rating

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

View

Product Highlight Sheet

View

Prospectus

View

Factsheet

View

Our perspective

Why we think this fund is best-in-class

Product

Offers sector specific exposure to the Financial Sector in a diversified (from traditional to fintech) mannerRelatively defensive as 1) financial services sector holdings generally exhibit stable dividends and earnings, and 2) fund has a quality focus

People

The fund is managed by Muhammad (Mac) Elatab and Lee Sotos who are long-standing members of Fidelity’s Financials Sector teamFidelity 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

Performance

Amongst the best performers in its category on a risk adjusted basis since inception in 2010Volatility 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

Process

In-depth stock selection complemented by a macro overlay that helps guide exposures/risk takingNo strict exposure or stop-loss limits are applied for this fund

Cost

Endowus offers retail share class with 100% trailer fee rebated back to investors to achieve lower cost of access

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.Updated as of 2023/08/07

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

166.40%

YTD

-1.49%

1 month

-1.49%

6 month

2.27%

1 year

6.62%

3 year

55.76%

5 year

76.50%

As of Jan 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-23.75%As of Jan 2026

Volatility

15.18%As of Jan 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	-1.5%	-	-	-	-	-	-	-	-	-	-	-
2025	15.1%	6.3%	-0.1%	-1.5%	-2.5%	3.9%	1.3%	3.3%	0.9%	0.2%	-1.2%	1.4%	2.5%
2024	27.3%	3.7%	3.1%	4.3%	-1.3%	2.1%	0.5%	3.3%	0.6%	-0.8%	3.8%	8.9%	-3.2%
2023	15.2%	6.7%	2.0%	-9.4%	4.7%	-2.5%	7.0%	2.9%	-1.3%	-0.6%	-4.4%	6.6%	3.9%
2022	-15.7%	-1.0%	-4.2%	-1.0%	-7.2%	1.3%	-9.0%	4.4%	0.4%	-4.9%	7.1%	2.5%	-3.9%
Load more		5 of 11

Top Exposures

Holdings

Regions

Sectors

JPMorgan Chase & Co	8.74%
Berkshire Hathaway Inc Class B	6.18%
Visa Inc Class A	3.98%
Wells Fargo & Co	3.95%
Morgan Stanley	3.39%
DBS Group Holdings Ltd	3.35%
Mastercard Inc Class A	3.31%
Allianz SE	3.15%
Interactive Brokers Group Inc Class A	2.89%
Mizuho Financial Group Inc	2.75%
Mitsubishi UFJ Financial Group Inc	2.61%
iA Financial Corp Inc	2.30%
Ares Management Corp Ordinary Shares - Class A	2.27%
Intercontinental Exchange Inc	2.23%
Investor AB Class B	2.12%

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

1.90%1.15% p.a.

Save 39%

Save up to 65% in fees

Invested elsewhere? Transfer your funds to Endowus in four easy steps. Learn more

Fund facts

ISIN

LU1363072403

Fund house

Fidelity

Fund size

S$1.8B

As of 31 Dec 2025

Fund benchmark

MSCI ACWI/Financials NR EUR

Fund inception date

19 Feb 2016

Fund class currency

SGD

Fund share class

A-ACC-SGD

Oldest share class ISIN

LU0114722498

Oldest share inception date

01 Sep 2000

Pricing frequency

Daily

Disclaimer: ©2025 Morningstar. All Rights Reserved. The information contained here relating to a particular collective investment scheme: (1) is proprietary to Morningstar Research Pte. Limited and/or its content providers (“Information Provider(s)“) unless otherwise specified; and (2) may not be copied or distributed. Neither the Information Provider nor Endowus guarantee or endorse the accuracy, reliability, completeness or timeliness of the information, or are responsible for any damages or losses arising from any use of this information. Further, for technical reasons, certain information provided by Information Provider may be different from that supplied by the respective fund houses.

This website is for information purposes only and is not and should not be construed as an offer or the solicitation of an offer or a recommendation for the purchase or sale of any investment or subscribe for, or to participate in, any services. Any opinion or estimate above is made on a general basis and none of Endowus, nor any of its affiliates, representatives, or agents have given any consideration to nor have made any investigation of the objective, financial situation, or particular need of any user, reader, any specific person or group of persons. Opinions expressed herein are subject to change without notice. You should carefully consider whether any investment views and investment products/services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances or seek financial advice via Endowus' platform.

Investment involves risk. 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. Past performance is not an indicator nor a guarantee of future performance. 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.

You are responsible for downloads from this website. Endowus does not warrant that any downloads from this website will meet your needs or expectations, or be uninterrupted, secure, or error free or that any files available for downloading through this website are free of computer viruses or other harmful components. You alone are responsible for ensuring adequate protection and backup of data, software, computer, and other equipment is made and appropriate safeguard is in place to detect, prevent and eliminate computer viruses and other harmful effects. Neither Endowus nor the Information Provider will be responsible for any costs or expenses which may be incurred if your use of this website or if any downloads results in any servicing or replacement of property, material, equipment, or data.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

LU1363072403Fidelity Global Financial Services Fund

LU1363072403
Fidelity Global Financial Services Fund