Best Fund Provider US Equity
Best Fund Provider – US Equity
“We are honoured to be recognised as Best Fund Provider – US Equity at the 2023 Asian Private Banker Asset Management Awards for Excellence. This is an acknowledgement of our strong performance and a testament to the quality of the differentiated Core Value strategy we bring to the market.
The strong, highly experienced US equity analyst team supports our ability to conduct a robust valuation-driven analysis and we would like to share this recognition with them.”
Fidelity International has been named Asian Private Banker’s Best Fund Provider – US Equity for the solid outperformance of Fidelity Funds – America Fund against peers and the benchmark in a year when investor sentiment was weighed down by tightening monetary policy by the Fed to curb inflation and geopolitical risks.
As US equities declined sharply in 2022 — with the S&P 500 down more than 20% as of mid-December — the FF America Fund invested in companies that were mispriced or were out of favour with investors who misunderstood the intrinsic value of such companies.
To mitigate downside risk and value traps, the FF America Fund avoided dying industries and focused on companies that can benefit directly or indirectly from long-term trends which work as an underlying tailwind.
The quality bias of the FF America Fund benefited from investors rotating from growth to value stocks during 2022. The value-led strategy secured robust inflows from private banking platforms globally and had US$3.7 billion in AUM as of 31 August 2022.
In the 12 months ending August 2022, the FF America Fund delivered significant excess returns: 12.9 pps against the benchmark S&P 500 Index and 7.7 pps against the peer group (Morningstar EAA Fund US Large-Cap Value Equity).
Aimed at providing long-term capital growth, the FF America Fund was launched in October 1990 and invests at least 70% of its assets in US equity securities.
Fidelity International wins Best Fund Provider – US Equity in Asian Private Banker’s 2023 Asset Management Awards for Excellence.
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