Fidelity Funds Abs Return Multi Strategy A Acc S$(S$U$H)
Multi Asset
Recent Price
Fund description
The fund aims to provide an absolute positive return with low correlations to traditional asset classes over the medium to long term. The fund uses a combination of diverse investment strategies in order to achieve its objective, include arbitrage, equity hedge, fixed income and macro strategies. The strategies will be primarily implemented by taking long and short exposure to a range of asset classes such as equities, corporate and government investment grade and below investment grade bonds, infrastructure, property, commodities, money market instruments and currencies from anywhere in the world, including emerging markets. These investments may be denominated in any currency. The fund may invest in the following assets according to the percentages indicated: • China A and B shares and listed onshore bonds (including urban investment bonds): less than 30% • collateralised and securitised debt instruments: less than 20% • eligible commodity exposure: up to 10% • hybrids and contingent convertible (CoCo) bonds: less than 30%, with less than 20% in CoCos • SPACs: less than 5%. The fund may also invest in China offshore bonds (including dim sum bonds). The fund’s exposure to distressed securities is limited to 10% of its assets. The Investment Manager aims to outperform the benchmark. (For full details of the objective and other considerations please refer to the Prospectus)
Fund Performance
Prices shown are indicative and are usually based on prices of 2-4 dealing days earlier, and may not be exactly the price used for individual trades. Prices and returns on this page may be based on a reference price in a different currency to that of the fund dealing price. Returns experienced by individual clients may differ from those shown below. Clients should not rely on these prices for decision making. Fund prices provided by third-parties. dollarDEX does not guarantee any prices or valuations shown, and accepts no responsibility for their accuracy.
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*Since start means from start of data available to dollarDEX and may not coincide with inception of fund.
Performance chart
Fund details
Price frequency | Daily |
Pricing basis | Forward |
Dealing basis (subscriptions) What is this? | T+0 |
Dealing basis (redemptions) What is this? | T+0 |
Sector | All |
Asset class | Multi Asset |
Asset sub-class | Mixed |
Region | Global Peer funds |
Dividend distribution option | NA |
Launch price | SGD 1.0000 |
Price currency [1] | SGD |
Payment currency | SGD,USD |
Investment type | Cash only |
Risk (volatility) What is this? | |
Fund annual management & service fee
[2] (built into daily pricing, check prospectus for details) |
1.400% |
Latest bid/NAV price | SGD 1.0360 (7-May-2024) |
Bid price changes from last available price | NA |
Benchmark | Singapore Overnight Rate Average Index |
Minimum initial investment | SGD 1,000 USD 1,000 |
Minimum subsequent investment | SGD 500 USD 500 |
Minimum RSP investment | SGD 100 USD 100 |
1 Usually same as fund dealing currency (refer to prospectus). Some funds have a SGD reference price used by Navigator.
2 Total of fixed annual management and service fees. Check fund prospectus for details including variable performance fees, if any, which may not be included here.