The tech fund that barely fell

How Fidelity Global Innovators stayed afloat, and the resilience of exciting names

Andrew Willis 17 April, 2020 | 1:53AM

 

 

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Andrew Willis: 
In times of uncertainty and significant downside risk, a high-risk tech fund is not the first choice for investors as a safe haven. But sometimes, high-risk funds outperform. Take for example Mark Schmehl’s Fidelity Global Innovators Class F. As of April 6, the S&P/TSX 60 dropped a painful 17.25%. The fund? Around one percent. How? 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Apple Inc444.45 USD0.00
Fidelity Global Innovators Cl F20.09 CAD-0.91
Shopify Inc A1,053.12 USD0.00
Zoom Video Communications Inc258.73 USD0.00

About Author

Andrew Willis

Andrew Willis  Andrew Willis is Content Editor for Morningstar.ca

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