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About FIDELITY GLOBAL VALUE LONG/SHORT FUND
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Inception date
Feb 1, 2024
The fund is a high conviction, long/short equity portfolio of primarily developed market equities. It seeks to identify discount stocks for the long positions and premiums for the short positions. The fund may use leverage. It typically holds 100-150% of its NAV long and up to 50% short, targeting a net long exposure that will not exceed 300% of its net assets. The fund may invest in all types of equities of any size and could have some emerging market exposure. It could also invest in fixed income securities of any quality or term and hold cash or cash equivalents. The fund may utilize risk arbitrage strategies, including merger arbitrage. It utilizes derivatives and may invest in precious metals and other commodities. It may borrow cash and could engage in securities lending, repurchase, and reverse repurchase transactions.
Displays a symbol's price movements over previous years to identify recurring trends.