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Launch of new FAST US Fund

Nyhet   •   Jun 26, 2013 14:56 CEST

Fidelity launches a FAST US Fund

We are very pleased to announce that we are further expanding our successful range of Fidelity Active STrategy (FAST) funds with the launch of a FAST US fund. The launch of the fund provides leading US equity portfolio manager Adrian Brass with the opportunity to express his views more fully through the flexible FAST framework which allows him to take both long and short positions.

Net equity exposure in FAST US will be in the range of 90%-110% under normal market conditions and the manager also has the flexibility to short unattractive stocks up to a maximum of 30% of the fund’s assets. The fund will hold 60-80 positions in the long component and 15-30 in short positions.

Supported by Fidelity’s extensive and dedicated US research team based in London, which now stands at 17 analysts, this gives the portfolio manager more opportunities to both add alpha and manage risk.

Adrian has over 17 years of investment experience, including more than 12 years investing in the US market. He has managed the $2.8bn Fidelity Funds America Fund since 1 January 2008 and has generated strong performance, outperforming the fund’s benchmark the S&P 500 by 3.1% net of fees and beating 92% of its competitors over his tenure.




This information is for Professional Investors only and should not be relied upon by private investors. This information is intended only for the person or entity to which it is provided. It must not be reproduced or circulated without prior permission. Distribution or reproduction of this information, in whole or in part, or the divulgence of any of its content, is strictly prohibited. This document is protected by copyright and may not be photocopied, amended or reproduced in any manner without Fidelity Worldwide Investment's written permission. Fidelity Active STrategy (‘FAST’ or the ‘Fund’) is an open-ended investment company (SICAV) established in Luxembourg with different classes of shares. The Fund is registered under Part I of the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment, as amended (the “Law of 2010”). The Articles of Incorporation of the Fund were changed on 11 February 2008 with the effect of re-registering the Fund from Part II of the Law of 2010 to Part I of the Law of 2010 from 22 February 2008. The Fund therefore qualifies as an undertaking for collective investment in transferable securities (‘UCITS’) and has obtained recognition under the amended EC Council Directive 85/611. Investments should be made on the basis of the Key investor Information Document and the current prospectus, which are available along with any current annual and semi-annual reports free of charge from our European Service Centre in Luxembourg or from the offices of FIL Investments International as outlined below. Fidelity Worldwide Investment only gives information about its own products and services and does not provide investment advice based on individual circumstances. Any reference to specific securities is included for the purposes of illustration only and should not be construed as a recommendation to buy or sell the same. Investors should also note that the views expressed may no longer be current and may have already been acted upon by Fidelity Worldwide Investment. Unless otherwise stated, all views are those of Fidelity Worldwide Investment. Past performance is not a reliable indicator of future returns. The value of investments can go down as well as up and investors may not get back the amount invested. Investments denominated in a currency other than the investor’s own currency will be subject to movements in foreign exchange rates. Foreign exchange transactions may be effected on an arms length basis by or through Fidelity International companies from which a benefit may be derived by such companies. Investments in small and emerging markets can be more volatile than other more developed markets. Due to the lack of liquidity in many smaller stock markets, certain funds may be volatile and redemption rights may be restricted in extreme circumstances. In certain countries, and for certain types of investments, transaction costs are higher and liquidity is lower than elsewhere. For funds specializing in such countries and investment types, transactions, particularly those large in size, are likely to have a greater impact on the costs of running a fund than similar transactions in larger funds. Due to the greater possibility of default, an investment in corporate bonds is generally less secure than an investment in Government bonds. Prospective investors should bear this in mind in selecting funds. In addition, investment in the fund may involve greater risk as a result of the fund’s use of derivatives, such as futures, forwards, swaps and options. Examples of the investment techniques for which the fund may use derivatives (though not exhaustive) include establishment of synthetic long and short positions, the creation of leverage that increases the fund’s economic exposure beyond the value of its net assets, or for hedging purposes. Whilst Fidelity Worldwide Investment employs a sophisticated risk management process to oversee and manage derivative exposures within the fund, investors should be aware that the use of derivative instruments may involve risks different from, and, in certain cases, greater than, the risks presented by the securities from which they are derived. Further details of the risks involved in investing in the fund are given in the prospectus, which all investors should read before investing. In the event of systemic shocks to financial markets, liquidity can become severely restricted causing some firms to withdraw from the market or, in extreme cases, become insolvent. Such events may have an adverse impact on the fund, particularly where the fund has counterparty exposure to the companies involved. Equally, the fund’s ability to utilise synthetic short exposures might from time to time be restricted in certain sectors, securities and/or certain jurisdictions due to local regulations. Fidelity Worldwide Investment means FIL Limited, and its respective subsidiary companies. Fidelity Worldwide Investment and the F symbol are trademarks of FIL Limited. No statements or representations made in this document are legally binding on Fidelity Worldwide Investment or the recipient. Any proposal is subject to contract terms being agreed. Barra. Inc.’s analytics and data ( were used in the preparation of this document. Copyright 2009 BARRA, INC. All rights reserved. This material is issued by FIL (Luxembourg) S.A. on behalf of FAST. FIL (Luxembourg) S.A. is authorised and regulated by the CSSF (Commission de Surveillance du Secteur Financier). SSL1306N12/1213

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