'Fidelity Global Technology Fund' Achieves 2 Trillion KRW in Net Assets

[Asia Economy Reporter Minji Lee] Fidelity Asset Management announced on the 26th that the net assets of the ‘Fidelity Global Technology Fund’ have exceeded 2 trillion KRW.

The fund's net assets amount to 2.1206 trillion KRW. It is the only overseas equity fund (excluding ETFs) established in Korea with net assets exceeding 2 trillion KRW.

Since its net assets surpassed 1 trillion KRW in February last year, it has continued rapid growth alongside the strong performance of technology stocks. As of the 24th, it achieved a 36.72% return over the past year, and its performance since inception reaches 205.04%, averaging an annual return of 55.93%.

The fund invests in stocks of about 40 to 60 companies worldwide that develop technology and provide related services, as well as companies benefiting from technological innovation in sectors such as consumer goods, distribution, and finance. Additionally, it invests in stocks not included in the reference index (MSCI AC World Tech. Index), actively pursuing excess returns unlike index funds or ETFs that track the index.

Risk is also an important factor, with investments focused on companies with positive long-term growth prospects, strong sales and profits, and reasonable valuations, rather than stocks with excessively high valuations or those gaining attention as theme stocks.

The technology sector themes the fund focuses on include 5G, artificial intelligence, next-generation transportation, gaming, the internet industries of the US and China, technological development in China, corporate digitalization, automation, and robotics. These themes do not move uniformly under all market conditions, allowing the fund to build a diversified portfolio within the technology sector to pursue attractive returns while managing risk.

CEO Jun Kwon stated, “Although there are some concerns about the technology sector this year, the fund still offers various opportunities due to suppressed demand during the COVID-19 pandemic, green energy policies, expansion of 5G networks, and technology demand from companies returning to workplaces, continuing to play an important role in investors’ portfolios.”

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