‘Fidelity Global Technology Fund’ Achieves Net Assets of 1 Trillion Won

[Asia Economy Reporter Minji Lee] Fidelity Asset Management announced on the 10th that the net assets of the ‘Fidelity Global Technology Securities Investment Trust (Equity - Fund of Funds)’ have exceeded 1 trillion KRW.

As of the 9th, the Fidelity Global Technology Fund recorded total net assets of 1.4 trillion KRW, becoming the second largest overseas equity fund set up domestically, following the ‘Fidelity Global Dividend Income Fund.’

The Fidelity Global Technology Fund primarily invests in 60 companies that develop technology and provide related services in the global market. It also invests in companies benefiting from technological changes in sectors such as consumer goods, distribution, and finance. The fund achieved a 33.8% return over the past year, and since its inception in June 2015, its performance has reached 122.7%.

This fund actively seeks excess returns by investing in stocks not included in the reference index (MSCI AC World Tech). The technology sectors the fund invests in include 5th generation (5G), artificial intelligence, electric vehicles, gaming, internet industries in the US and China, robotics, and corporate digitalization. These themes do not move in the same direction under all market conditions, allowing for the pursuit of stable returns.

CEO Jun Kwon explained, “Although the US-China trade dispute and increased regulation on the technology sector have temporarily pressured the sector and raised investor concerns, many technology companies continue to grow alongside the emergence of new technologies and increased demand for technology,” adding, “They have consistently generated attractive long-term performance, drawing significant interest from many investors.”

This content was produced with the assistance of AI translation services.