Why MultiManager

Multi-manager funds offer an attractive investment solution to many investors, providing diversification benefits and access to a vast array of funds & portfolio managers.  The most skilled multi-managers are able to identify and blend high-quality underlying funds into a single, well-diversified investment fund -- with the goal of delivering above-average returns with less risk than a conventional single-manager fund. 

However, as the multi-manager market has evolved, investors have discovered that selecting a multi-manager is no longer a straightforward, black and white decision.   Investors must now distinguish between different types of multi-manager providers and funds with different investment approaches and objectives.

Why Fidelity MultiManager

Fidelity MultiManager SICAV offers investors a comprehensive suite of core and specialised funds which aim to deliver superior risk-adjusted returns. With nearly 20 years' experience in constructing and managing multi-fund portfolios, we have developed a unique investment philosophy founded on key Fidelity strengths:

Experience

The Fidelity MultiManager investment team benefits from a proprietary, multi-fund investment process that has proven successful for nearly 20 years and is led by Richard Skelt (CIO) and Geraldine Stewart (Head of Investment), each of whom have more than 17 years of industry experience.

Commitment to research

We apply the same rigour and discipline to Fidelity MultiManager funds as we do to our single manager funds. In fact, some Fidelity MultiManager analysts have previously researched individual securities, giving them a deep understanding of the factors that drive fund performance.

Global resources

Fidelity's network of global resources enables our investment professionals to focus on research and portfolio construction while leveraging Fidelity's best investment ideas across the world.

Performance focus

Fidelity MultiManager SICAV funds aim to outperform their respective benchmarks with an appropriate level of risk. 7 of 12 (58%) have achieved 1st or 2nd quartile performance vs. respective peer groups (sectors) since inception.

Of Fidelity's other multi-fund portfolios, 13 of 15 (87%) have achieved 1st or 2nd quartile performance v. peers over 5 years, and 8 of 8 (100%) have achieved 1st or 2nd quartile performance v. peers over 10 years.*

These figures relate to past performance, which is not a reliable indicator of future results. 

The value of investments may go down as well as up and an investor may not get back the amount invested.

The Fidelity MultiManager Advantage
We believe that an innovative approach to multi-management combined with our proven research and fund management expertise, provides Fidelity MultiManager with a distinct advantage and the potential to deliver superior risk-adjusted returns over the long term.

¹Source: Morningstar and Fidelity. Data as at 31 August 2007.

Fidelity’s other multi-fund portfolios excludes Fidelity MultiManager SICAV funds.

Ten year statistics relate to the performance of 5 SICAVs and 3 unit trusts of which hold a 10 year performance history. The remaining multi-fund portfolios do not have a 10 year history in order to be captured.

Five year statistics relate to the performance of 12 SICAVs and 3 unit trusts. The remaining multi-fund portfolios do not have a 5 year history in order to be captured.