Technology with Fidelity Global Technology

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Technology with Fidelity Global Technology

Invest in the Future of Technology with Fidelity Global Technology.


Fidelity Global Technology is an equity fund investing in technology companies around the globe. The fund aims at providing its investors with long-term capital appreciation by investing in those businesses that create, or will develop, goods, services, or processes that provide or benefit from technical advances or improvements. A multinational asset management group with seven decades of extensive financial experience, Fidelity International, is entrusted with the management of this fund.

These technology company investments may be high-risk, high-reward businesses, one of which is the Fidelity Global Technologies fund. The basic investment consists of paid-up shares in international companies. At least 70% of its equity will be placed under equity, constituting stocks from firms that have growing economies. Thus, this fund will proceed with sets against the risks associated with equities and equity-related market fluctuations and firm-specific factors. However, while technology is increasingly penetrating every aspect of our lives, the focus of the fund on its business means it presents an opportunity for considerable long-term gains.


Fidelity Global Technology is a mutual fund. It invests globally in technology and technology-related businesses. The fund involves investments in businesses that are likely to be principal gainers or direct beneficiaries of any technological developments and changes.
Investment Philosophy: Fidelity Global Technology’s investment philosophy is based on the premise that, currently, technology is driving most innovation and economic growth. The fund seeks leading technology changes and those in the best positions to benefit from them.
The investment process is based on fundamental research and analysis. Fund managers study companies’ businesses, competitive environment, management teams, and financials. They also consider the impact of macroeconomic variables and industry developments on how well technology businesses can do.
This investment approach of the fund seeks to identify companies with attractive valuations, significant growth potential, and competitive advantage over the long run. The fund management is prepared to hold one’s position for several years and intends to deploy capital in a business from a long-term standpoint.

Fund Management Team

The investment management team at this Fidelity Global Technology fund comes with long years of experience in their backgrounds in finance. Hyun Ho Sohn leads the team, who joined Fidelity in the 2008 class and has an investment career of over 20 years.
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The fund management team has at its core some of the most experienced fund managers who have a very good grasp of the technology sector, supported by Fidelity’s research resources. The fund has consistently outperformed its benchmark over the years, with an impressive track record on its management team.
In a nutshell:
The well-managed mutual fund Fidelity Global Technology provides investors with an avenue for getting exposure to the technology industry. The fund managers have a proven record for generating long-term capital growth; the investment philosophy of the fund is based on basic research and analysis. 

Analytics and Performance

Global Technology Fund has been very reliable in terms of long-term returns. It has returned an average of 25.7% over the last five years, outperforming its benchmark, the MSCI ACWI Information Technology Index, at an average return of 21.3%.
It returned 45.2% in the last year, outperforming the benchmark. Its largest assets include well-known technology companies such as Amazon, Microsoft, and Apple.
Market Dynamics and Patterns
The growing interest in digital technologies and the tendency for remote work made the IT industry one of the best-performing industries in the recent decade. Demand for technology-related goods and services increased due to the COVID-19 pandemic, boosting this tendency.
These developments have benefitted the Fidelity Global Technology Fund, which includes, in its portfolio, businesses well-placed to leverage such growth opportunities accruable within the technology sector. This fund has an investment approach that is tantamount to identifying companies with substantial growth opportunities, competitive advantages, and attractive valuations.

 

Risk Analysis

Tech can be a risky investment because of the rapidly changing technology and customer preference. Technology companies never stay at their value and may not have a constant parallel with its underlying philosophy.
The Fidelity Global Technology Fund is an investment strategy that tries to minimize these risks by investing in businesses that are engaged in varied technology activities across several industrial subsectors. Its investment team identifies businesses possessing huge development potencies and competitive advantage through detailed research and analysis.
Please note that each investment in the fund is accompanied by some risks, including the potential loss of money. Past performance is not indicative of future results. It is necessary for investors to carefully consider investment objectives, risks, charges, and expenses of the fund before investing.
The Fidelity Global Technology Fund invested in Amazon.com Inc., Microsoft Corporation, and Apple Inc.

 

Frequently Asked Questions

What is the current share price of the Fidelity Global Technology Fund?
The current share price of the Fidelity Global Technology Fund will be found on the website of that fund or any other Financial news website, for example, Yahoo Finance. The share price as of June 30, 2024, was $60.06.
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 What is the investment strategy of the Fidelity Global Technology Fund?
Investment Strategy: Fidelity Global Technology Fund’s investment strategy is based on companies that are involved in the developing, manufacturing, and marketing of technology-related products and services. It is a bottom-up approach when it comes to choosing companies for this fund, with a greater emphasis by the management team on development, competitiveness, and other financial aspects relating to stability.

Has an ETF equivalent existed for the Fidelity Global Technology Fund?
No, there isn’t an ETF version of the Fidelity Global Technology Fund; there is only an actively managed mutual fund version.

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