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 Inc115.04 USD0.00
Fidelity Global Innovators Cl F23.39 CAD0.20
Shopify Inc A1,026.22 USD0.00
Zoom Video Communications Inc511.52 USD0.00

About Author

Andrew Willis

Andrew Willis  is Content Editor for Morningstar.ca

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