Fidelity Absolute Return Asian Equity

Investment Objective

The fund aims to provide positive absolute return over the medium to long term. The fund will achieve this primarily through long and short positions in equities of, and related instruments providing exposure to, companies that have their head office in, are listed in or exercise a predominant part of their activity in the Asia region (excluding Japan), as well as cash, and Money Market Instruments. This region includes certain countries considered to be emerging markets. The Investment Manager will gain long exposure to those companies deemed attractive while maintaining short exposure to those companies deemed unattractive using a variety of instruments, including financial derivative instruments. Short exposure will only be achieved through the use of financial derivative instruments. The fund will typically have between -30% and 30% net equity exposure.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2019 0.6 0.8 0.3 0.9 0.1 0.9 0.0 0.5 0.3 0.2 0.4 0.3 0.1
2018 0.1 0.7 0.6 0.3 0.9 0.9 0.4 0.4 0.9 0.8 0.1 0.8 0.4

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