Fidelity Global Government Bond Climate Aware UCITS ETF ACC-GBP (hedged)

Issuer: Fidelity International

Asset Class: Fixed Income

TER: 25bps

Trading Currency: GBP

Pays Income: False

Listing Date: 02 Aug 2023

Ticker: FGGG

ISIN: IE000QVCP9S5

This financial product offers an actively managed approach to global fixed income, aiming to deliver both income and capital growth. By investing in a diversified portfolio of government debt securities from around the world, the fund provides a flexible strategy that is not tied to a specific benchmark. This allows the investment manager the freedom to navigate different market cycles and seek out the most attractive opportunities across the global sovereign bond landscape, adapting the portfolio's positioning in response to evolving economic conditions.

The investment process is driven by in-depth, proprietary research, encompassing fundamental, technical, and valuation analysis. The manager evaluates government securities from both developed and emerging markets, with the ability to invest in both investment-grade and sub-investment-grade debt. This comprehensive analysis allows for dynamic adjustments to country and duration exposures based on the outlook for economic growth, inflation, and monetary policy. Furthermore, the strategy integrates sustainability considerations, analyzing environmental, social, and governance (ESG) factors as part of the security selection process.

Designed for investors seeking a core fixed-income holding, this fund leverages active management to potentially enhance returns and manage risk in the complex world of government bonds. Its ability to utilize derivatives for efficient portfolio management and hedging purposes provides additional tools for navigating market volatility. The product offers a compelling alternative to passive, index-tracking strategies by employing a flexible, research-intensive methodology to capitalize on opportunities in the global interest rate environment.