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



Editor's note: Read the latest on how the coronavirus is rattling the markets and what you can do to navigate it.

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 Inc127.14 USD0.00
Fidelity Global Innovators Cl F28.37 CAD-2.23
Shopify Inc A1,170.47 USD0.00
Zoom Video Communications Inc384.53 USD0.00

About Author

Andrew Willis

Andrew Willis  is Content Editor for Follow him on Twitter @AndrewWillisCDN.


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