Fact sheet: Fidelity Gbl Financl Svs

Fund information
Fund name
Fidelity Global Financial Services W GBP
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Sotiris Boutsissince 01/01/2010
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of companies throughout the world that are involved in providing financial services to consumers and industry. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
No data available.
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
23.3%
1 Year rank in sector
-
Sector
FO Equity - Financial
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.16%
Fund size
£683m (£744m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
95
Top in this sector
Fund name1 Year
Sanlam Global Financial30.1%
Polar Capital GblInsnrc28.9%
Fidelity Gbl Financl Svs23.3%
JGF-Jupiter Gbl Fins20.3%
Polar Capital Asian Financials19.1%
...more in FO Equity - Financial

Performance snapshot

Holdings snapshot

  • USA41.8%
    Others14.6%
    Germany7.5%
    Hong Kong6.9%
    Japan6.8%
  • Financials71.9%
    Real Estate18.9%
    Information Technology6.4%
    Money Market1.8%
    Industrials0.8%
  • US Equities41.8%
    International Equities14.6%
    German Equities7.5%
    Hong Kong Equities6.9%
    Japanese Equities6.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%14.3%17%23.3%39.8%108.4%
Sector0.8%12.7%7.2%3.1%14.5%65.3%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund12.3%8.2%10.9%21.1%22.3%
Sector-1.6%1.7%7.6%20.3%20.9%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
8.13
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.6
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.85
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
10.29
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
8.76
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.62
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.56
Price movement
52 week high1.37
52 week low1.01
Current bid price-
Current offer price-
Current mid price1.35
Region
1USA41.8%
2Others14.6%
3Germany7.5%
4Hong Kong6.9%
5Japan6.8%
6UK5.2%
7Australia4.6%
8Canada3.4%
9France3%
Industry sector
1Financials71.9%
2Real Estate18.9%
3Information Technology6.4%
4Money Market1.8%
5Industrials0.8%
6Others0.2%
Asset type
1US Equities41.8%
2International Equities14.6%
3German Equities7.5%
4Hong Kong Equities6.9%
5Japanese Equities6.8%
6UK Equities5.2%
7Australian Equities4.6%
8Canadian Equities3.4%
9French Equities3%
Individual holdings
1JPMORGAN CHASE & CO5.08%
2BERKSHIRE HATHAWAY INC2.98%
3AIA GROUP LTD2.75%
4CITIGROUP INC2.75%
5AMERICAN TOWER CORP2.64%
6GRAND CITY PROPERTIES SA2.15%
7HARTFORD FINANCIAL SERVICES GRP INC2.12%
8WELLS FARGO & CO2.09%
9BROADRIDGE FINL SOLUTIONS INC2.04%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of companies throughout the world that are involved in providing financial services to consumers and industry. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is reinvested in additional shares or paid to shareholders on request. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
No data available.
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Sotiris Boutsis01/01/2010Sotiris Boutsis joined Fidelity as an equity analyst in July 2002, having successfully completed a summer internship with us the year before. After various sector rotations as part of our normal analyst development programme, Sotiris joined our pan European financials analyst team in early 2006, with responsibility for UK and Irish banks, and as part of his remit also covered some UK-based insurers. In the almost four years since, he has shown a great aptitude for stock picking within the sector and his recommendations during the recent financial crisis, in particular, have helped our portfolio managers successfully position their funds with regard to these stocks. He became a portfolio manager in January 2010. Sotiris holds an Engineering Diploma and a PhD in Computer Science from Athens' National Technical University, as well as an MBA from the London Business School.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Hungary, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Slovakia, Sweden, Taiwan - Province Of China
Fidelity Global Financial Services A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£2,500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.32
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE87S
Fidelity Global Financial Services A Acc SGD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.098
CurrencySGD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE6DF
Fidelity Global Financial Services A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price28.83
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFE89
Fidelity Global Financial Services A GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price0.509
CurrencyGBP
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFE90
Fidelity Global Financial Services A Hedged Acc USD
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.61
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFWHG
Fidelity Global Financial Services A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.69
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBMLJ
Fidelity Global Financial Services E Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price25.64
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC7A6
Fidelity Global Financial Services W GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.351
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK5LL
Fidelity Global Financial Services Y Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price16.7
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFN9
Fidelity Global Financial Services Y EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.37
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFCHM
Data provided by

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