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Tom's picks - Investment ideas for 2024
Important information - the value of investments and the income from them can go down as well as up so you may get back less than you invest. Eligibility to invest in a SIPP/an ISA and tax treatment depends on personal circumstances and all tax rules may change in the future. Past performance is not a reliable indicator of future returns. Please note that Tom’s picks are not a personal recommendation for you. If you’re unsure about the suitability of these funds for your personal circumstances, you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. You cannot normally access money in a SIPP until age 55 (57 from 2028).
Four fund ideas for you
Investment Director Tom Stevenson highlights four funds to consider in the year ahead. You can watch the video below to find out more about how Tom chooses his picks. His outlook for 2024 considers slowing growth, falling inflation and the beginning of a reversal in interest rates and his choices reflect this. If you’re looking for some ideas to help you choose where to invest, Tom’s picks are a helpful place to start.
- Tom Stevenson, Investment Director
Important information - All funds invest in overseas markets so the value of investments could be affected by changes in currency exchange rates. The M&G Global Macro Bond, L&G Global Equity Index and Fidelity Global Dividend funds use financial derivative instruments for investment purposes, which may expose the funds to a higher degree of risk and can cause investments to experience larger than average price fluctuations. The M&G Global Macro Bond Fund and Fidelity Global Dividend Fund invest in emerging markets which can be more volatile than other more developed markets. The Fidelity Global Dividend Fund invests in a relatively small number of companies so may carry more risk than funds that are more diversified. The M&G Global Macro Bond Fund invests in bonds where there is a risk that the issuers of bonds may not be able to repay the money they have borrowed or make interest payments. When interest rates rise, bonds may fall in value. Rising interest rates may cause the value of your investment to fall. Due to the greater possibility of default an investment in a corporate bond is generally less secure than an investment in government bonds. The fund also invests in sub-investment grade bonds which are considered riskier bonds. They have an increased risk of default which could affect both income and the capital value of the Fund investing in them. There is no guarantee that the investment objective of any Index Tracking Sub-Fund will be achieved. The performance of the L&G Global Equity Index sub-fund may not match the performance of the index it tracks due to factors including, but not limited to, the investment strategy used, fees and expenses and taxes. The L&G Global Equity Index Fund has, or is likely to have, high volatility owing to its portfolio composition or the portfolio management techniques. The value of shares in the Fidelity Cash Fund and the L&G Global Equity Index Fund may be adversely affected by insolvency or other financial difficulties affecting any institution in which the fund's cash has been deposited. An investment in a money market fund is different from an investment in deposits, as the principal invested in a money market fund is capable of fluctuation. The Key Investor Information Document (KIID) for Fidelity and non-Fidelity funds is available in English and can be obtained from our website at www.fidelity.co.uk.
A closer look at Tom's picks
Fidelity Cash Fund
An actively managed lower-risk fund that aims to maintain the value of your investment and pay you an income.
M&G Global Macro Bond Fund
This medium-risk, flexible global bond fund aims to provide a combination of capital growth and income over any five-year period.
Fidelity Global Dividend Fund
This defensively managed, global equity income fund aims to pay an income whilst increasing the value of your investment.
Legal & General Global Equity Index Fund
This lower-cost fund tracks the FTSE World Index, investing in higher-risk company shares around the world.
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Important Information: Investors should note that the views expressed may no longer be current and may have already been acted upon.