Bottom-up-Stockpicking
Fidelity’s success is primarily based on one strategy: bottom-up stock picking.
We believe that it is insufficient to bundle strong-growing economic sectors together and view them as a whole, as this means that attractive companies are easily overlooked. For this reason, each individual share is evaluated separately at Fidelity, based on our own research.
The bottom-up principle is only made possible by detailed research. By using Fidelity’s worldwide analyst network, each individual company is studied locally and is under continuous observation.
In order to realistically estimate a company’s chances of success, precise knowledge of all crucial factors is essential, whether these are external conditions such as competition, or internal factors such as the quality of management, for example.
Intelligent responses can only be possible through the constant observation of individual companies together with precise knowledge of the individual sectors. After all, intelligence is the key to successful fund management.
Head start through precise analysis
A comprehensive understanding of world markets and company skills is the prerequisite for truly efficient asset management.
At Fidelity, a worldwide network of analysts continuously provides current information from the world’s financial centres and supplies fund managers with important data on relevant companies.
Analysts specialised in branches of economic activity
Fidelity’s research principally takes a sector-oriented approach to all funds. Investment research in all of the four headquarters is organised according to sectors: raw materials, healthcare, consumer goods, technology, finance, cyclical assets and durable goods.
Each sector consists of various subdivisions. The finance sector, for example, comprises real estate, brokerage/investment, banking and insurance. Expert analysts are responsible for each of these areas. |
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