Fidelity is to launch an onshore version of Amit Lodha's $250m Global Real Asset Securities fund in response to investor demand for tangible assets.
The onshore offering will be a mirror of the existing offshore fund, launched in September 2009, and will hold 50-70 stocks. Playing on companies with pricing power at different points in the economic cycle, the fund will invest in stocks underpinned by real assets across the energy, materials, industrials, real estate and utilities sectors. Lodha seeks pricing power from commodities, shipping rates, industrial goods prices, real estate companies and other sources. Fidelity said the fund’s ability to invest in stocks negatively correlated to commodity prices helps minimise timing ri...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
