Fidelity Research Global Equities Fund

Fidelity Research Global Equities Fund 

Previously known as the Fidelity Global Demographics Fund

Fidelity Research Global Equities Fund
Fund fact sheet Invest now

About this fund

Diversified portfolio of typically 60-80 global companies powered by 50+ years of Fidelity’s proprietary research, capturing the highest-conviction ideas to drive long-term capital growth.

Disciplined investment process anchored in fundamental insights from highly experienced portfolio managers that utilise quantitative methods of implementation for consistency and risk control.

Designed to deliver alpha through targeted, research-driven decisions, making stock selection the primary driver of both risk and return.

Why this fund

Unmatched research heritage from Fidelity’s global research network of 400+ analysts worldwide offering historical context with forward-looking analysis.

Access to a diversified, high-conviction portfolio, embedded with proprietary research ratings to reflect only the most favoured buy ideas while mitigating style bias and concentration risk.

A proven, repeatable investment process built on 20+ years of integrating fundamental insights into portfolios.

Key facts

Unit prices (at 03/12/25)
Buy 17.0019 / Sell 16.9341
Unit price history
Buy/sell spread
0.20%/0.20%

At a glance

Objective
To achieve returns in excess of the benchmark over the medium to long term.
Benchmark
MSCI All Country World Index NR
Management costs1
0.35% p.a
Typical stock range
60-80
Fund size (at 03/12/25)
A$50.99M
Inception date2
30 November 2012
Distribution frequency
Annually
Currency
Australian dollar

Unique identifiers

APIR code
FID0023AU
ARSN code
160557353

Fund managers

Matt Jones
Australia
Hiten Savani
London
Dan Swift
London

Performance3

Net returns as at 30 November 2025

Timeframe 1 yr
%
3 yr
% pa
5 yr
% pa
7 yr
% pa
10 yr
% pa
Since inception
(30/11/12) % pa
Fund 10.01 13.08 8.71 11.75 10.58 14.30
Benchmark 17.42 19.47 14.61 14.39 12.52 14.91
Active return -7.41 -6.39 -5.90 -2.64 -1.94 -0.61

Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component. Benchmark: MSCI All Country World Index NR. NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties. Performance data prior to 1 December 2025 reflects the previous investment strategy of the Fund, which was previously named the Fidelity Global Demographics Fund.

Net as at 30 November 2025

1 yr
%
3 yr
% pa
5 yr
% pa
7 yr
% pa
10 yr
% pa
Since inception
(30/11/12) % pa
Total return 10.01 13.08 8.71 11.75 10.58 14.30
Growth 3.28 8.75 4.23 7.22 5.75 8.89
Income 6.73 4.33 4.48 4.53 4.82 5.42

Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.

Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. Returns of more than one year are annualised. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component. Benchmark: MSCI All Country World Index NR. NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties. Performance data prior to 1 December 2025 reflects the previous investment strategy of the Fund, which was previously named the Fidelity Global Demographics Fund.

DistributionDistribution (CPU)Reinvestment priceEx-distribution exit price
28-Nov-20251323.3516$16.9851$16.9511

Download distribution history

CPU = cents per unit. The above cash CPU excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement. If the Distribution CPU column is 0.0000 it means that nothing was distributed. 

This Fund is unhedged and is subject to the risk of fluctuations in international stock markets and currencies. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding. 

  1. Management fees and costs are current as at the date shown above but may be subject to change in the future. Management fees and costs include management fees, estimated indirect costs, the net effect of GST and exclude abnormal expenses, transaction costs and any performance fee payable.
  2. Prior to 1 December 2025, the Fund was named the Fidelity Global Demographics Fund
  3. Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.

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