A global fund with an eye to the future

One of the best-sellers on the Fidelity platform so far this year is Rathbone Global Opportunities, which is a stock-picking vehicle with an interesting approach and good long-term record. It is a member of Fidelity’s Select 50 list of handpicked funds and aims to outperform by investing in innovative companies that are growing fast and shaking up their industries.

Managers James Thomson and Sammy Dow think that to be successful, a business must have to offer something that others can't match – a star quality. It must also be easy to understand, different to its competitors, durable to change and difficult to imitate.

The companies they invest in can be of any size, although their sweet spot is mid-cap growth stocks in the developed markets. The managers’ speciality is spotting these businesses before they become household names.

What are the manager’s latest views?

Thomson recently took part in a panel discussion hosted by Fidelity where he explained the attractions of investing in a global fund and shared some interesting insights about his current thinking and the positioning of the portfolio.

During the discussion he said that there are some unmissable opportunities outside of the UK, with a good example being his largest holding Nvidia, which designs the chips that are at the heart of the Artificial Intelligence (AI) revolution. He thinks that we are right at the start of this next generation of computing and that AI could drive half of all incremental gross domestic product (GDP) growth over the next decade.

Important information - investors should note that the views expressed may no longer be current and may have already been acted upon. Overseas investments will be affected by movements in currency exchange rates. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only. This fund invests in a relatively small number of companies and so may carry more risk than funds that are more diversified. Select 50 is not a personal recommendation to buy or sell a fund. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.