Prior to investing into a fund, please read the relevant key information document which contains important information about the fund. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. This website does not contain any personal recommendations for a particular course of action, service or product. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. The due diligence process can end at any point if they become concerned about any of the factors they are considering. The number of such meetings can vary, depending on what's required for our experts to feel comfortable, so they can recommend the manager. They look at the investment philosophies and processes and ask questions like: is there a consistent process? Importantly, our experts draw on their experience of researching and meeting with managers to help identify what makes a robust and successful process.Īnd they examine the track record, asking themselves whether the data is consistent with the fund manager’s description of their process - particularly in terms of risk diversification. They look at the organisation and ask questions like: are the interests of its employees aligned with those of investors?
So, our experts conduct due diligence by meeting with the fund manager and other important people involved in the investment process. In other words, the team doesn’t view a fund as being suitable for the Select 50 just because it’s got good numbers - we’re always telling our customers that past performance is not a reliable indicator of future performance, and so we could hardly rely on this alone for including a fund in the Select 50. Fidelity’s team of multi-asset experts views the track record (identified by the quantitative analysis) of a fund as validation of the fund’s organisation and investment processes, but not necessarily a leading indicator.
0 kommentar(er)
