Fact sheet: Fidelity Nordic

Fund information
Fund name
Fidelity Nordic A SEK
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Bertrand Puiffesince 31/07/2011
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 quoted on the stock exchanges in Finland, Norway, Denmark, Sweden. 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
  • FTSE Nordic
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
17.8%
1 Year rank in sector
13/91
Sector
FO Equity - Europe Single Country
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.
1.96%
Fund size
£3,550m (£3,038m 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.
123
Top in this sector
Fund name1 Year
Pictet Russian Equities68.4%
HSBC GIF Russia Equity53.8%
Baring Russia52.4%
Pictet Russia Index48.5%
East Capital Russia30.2%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Sweden38.1%
    Norway27.4%
    Denmark17.7%
    Finland15.5%
    Money Market0.7%
  • Industrials46.5%
    Financials15%
    Consumer Services11.9%
    Consumer Goods9.3%
    Health Care5.6%
  • Swedish Equities38.1%
    Norwegian Equities27.4%
    Danish Equities17.7%
    Finnish Equities15.5%
    Money Market0.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.4%7.1%21.4%17.8%42%137.6%
Sector-1%-0.4%2.5%-0.4%14.6%56.8%
Rank within sector21 / 9315 / 9310 / 9313 / 9111 / 827 / 77
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund24.5%4.4%6.3%37.3%22.8%
Sector3.6%9.2%1.7%17.5%18.4%
Rank within sector13 / 9369 / 8948 / 827 / 7922 / 77
Quartile1st4th3rd1st2nd
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.
7.93
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.
1.01
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.
0.71
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%.
13.87
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.
7.54
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.
1.02
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.
0.7
Price movement
52 week high1102
52 week low784.9
Current bid price-
Current offer price-
Current mid price1101
Region
1Sweden38.1%
2Norway27.4%
3Denmark17.7%
4Finland15.5%
5Money Market0.7%
6Others0.6%
Industry sector
1Industrials46.5%
2Financials15%
3Consumer Services11.9%
4Consumer Goods9.3%
5Health Care5.6%
6Oil & Gas5.3%
7Telecommunications3.2%
8Basic Materials1.9%
9Money Market0.7%
Asset type
1Swedish Equities38.1%
2Norwegian Equities27.4%
3Danish Equities17.7%
4Finnish Equities15.5%
5Money Market0.7%
6International Equities0.6%
Individual holdings
1AP MOLLER-MAERSK A/S4.76%
2BW OFFSHORE LTD4.21%
3DNB ASA3.91%
4SOLAR A/S3.54%
5SCHIBSTED ASA3.48%
6REZIDOR HOTEL GROUP AB3.25%
7KONECRANES OYJ3.21%
8MILLICOM INTERNATIONAL CELLULAR SA3.18%
9SKF AB3.13%
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 quoted on the stock exchanges in Finland, Norway, Denmark, Sweden. 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
  • FTSE Nordic
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Bertrand Puiffe31/07/2011Bertrand Puiffe based in paris has 11 Years of Investment Experience at fidelity as French Companies Research Analyst and Iberian Companies Research Analyst,In Rothschild & Cie Gestion as Pan-European Equity Research Analyst, rotating between IT Services, Technology, Defense/Aerospace and Telecommunications,Pan-European Equity Research Analyst, Telecommunications and also in Horizon Midcap France Fund as Assistant Fund Manager and Junior Mid & Small Caps analyst, in R France Dynamique as a Fund Manager.He holds a M.A in Financial Markets from Paris IX Dauphine University, France and also a B.A., from the Institut d'Etudes Politiques, Bordeaux, France.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Bahrain, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Hong Kong, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Peru, Poland, Portugal, Qatar, Singapore, Sweden, Taiwan - Province Of China
Fidelity Nordic A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.62
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF84A
Fidelity Nordic A Acc SEK
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price102.4
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG838
Fidelity Nordic A Hedged Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.74
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFFLM
Fidelity Nordic A SEK
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price1101
CurrencySEK
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFJ06
Fidelity Nordic Y Acc SEK
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price19.8
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMEZ9
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