Fidelity to bring Global Real Assets fund to UK

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 also said the fund’s ability to invest in stocks negatively correlated to commodity prices helps minimise timin...