Fidelity Focus: a list of carefully selected Fidelity funds
A selection of Fidelity funds, chosen using a clear and objective set of measures, including value, performance and consistency over time.
A simpler way to explore Fidelity funds
Not every investor wants to start with hundreds of fund options. Fidelity Focus brings together a list of Fidelity funds that we’ve selected using our data-driven approach.
The list is broken down by categories covering a range of regions, asset classes and investment styles, helping investors explore Fidelity funds across different parts of the market. We score funds against multiple factors, including value for money, performance and consistency over time.
Broad screening
We screen more than 150 Fidelity funds before deciding which to include in our list.
Data-driven
Every eligible fund is scored using the same quantitative methodology.
Regular reviews
The list is reviewed every six months.
Important: Investment values can go down as well as up, so you may get back less than you invest. Fidelity Focus is not a personal recommendation to buy or sell funds. You must ensure that any fund you choose is suitable for your own personal circumstances. If you're not sure which investments are suitable for you, consult Fidelity’s advisers or another authorised financial adviser.
The Fidelity Focus list
Fidelity Index World Fund P Accumulation
Our view
This fund aims to track the performance of the MSCI World index. The index measures the performance of large and mid-cap companies across developed markets, covering approximately 85% of the available market capitalisation in each country. The fund is managed by Geode Capital Management LLC, a specialist in the management of index tracking (passive) strategies since 2002. As well as investing directly in company shares in the index, the fund will achieve exposure indirectly using derivatives, such as exchange traded index futures. The fund may invest in other investment types such as liquidity funds (including those managed by Fidelity).
Fidelity Special Situations Fund W-Accumulation
Our view
This fund’s managers favour companies which are likely to have already gone through a sustained period of underperformance, but where they consider the risk of further significant falls is limited. Understanding the potential downside risk of a company is key to their investment process. The managers take a contrarian approach, focusing on unloved and undervalued stocks, where they believe the market has overlooked the potential for recovery. They have an unconstrained approach and target the best opportunities wherever they may be found. The managers favour sectors where change can happen quickly and where a diverse range of business models provide the potential for stocks to be mispriced.
Fidelity US Equity Research Enhanced UCITS ETF USD Acc (FUSS)
Our view
The fund seeks to deliver long term capital growth through a systematic, actively managed investment approach that leverages Fidelity's extensive fundamental research capabilities. By integrating proprietary research insights into a disciplined, risk-aware investment process, the strategy aims to identify attractive investment opportunities while maintaining broad, diversified exposure representative of the US equity market. Designed as a core portfolio building block, the ETF offers investors market-like exposure with the potential to benefit from Fidelity's fundamental research within a carefully controlled risk framework.
Fidelity Index Europe ex UK P Accumulation
Our view
This fund aims to track the performance of the MSCI Europe ex UK index. The index measures the performance of large and mid-cap companies, covering approximately 85% of European developed markets, excluding the UK. The fund is managed by Geode Capital Management LLC, a specialist in the management of index tracking (passive) strategies since 2002. As well as investing directly in company shares in the index, the fund will achieve exposure indirectly using derivatives, such as exchange traded index futures. The fund may invest in other investment types such as liquidity funds (including those managed by Fidelity).
Fidelity Japan Fund W-Accumulation
Our view
This fund’s portfolio manager follows a bottom-up, stock-selection-focused approach that places emphasis on valuation analysis. He focuses on stocks that are undervalued relative to their balance sheet quality, cash flow, and earnings growth potential. Factors such as return on capital and sustainability of earnings are also taken into consideration. While Fidelity’s proprietary research is the primary source of company information, he supplements internal inputs with external research or conducts his own analysis of stocks that are not actively covered. While stock selection is driven by bottom-up analysis, macroeconomic risks, including currency, interest rates and commodity prices are considered as part of the fund’s overall portfolio construction.
Fidelity Asia Fund W Acc
Our view
The portfolio manager of this fund has a disciplined, fundamentals-driven bottom-up stock selection approach. He looks for structural growth-supported opportunities across the breadth of the Asian universe. The fund’s focus is on identifying businesses that have strong business models, are well managed by teams with a robust track record and a strong sustainability-oriented mindset. The outcome is a portfolio that offers ‘quality growth at a reasonable price’ with the potential for a strong relative performance over market cycles.
Fidelity Active Strategy - FAST - Emerging Markets Fund Y-PF-ACC-GBP
Our view
The managers of this fund seek to differentiate between structural winners and losers. The long positions of the fund are focused on dominant franchises with strong balance sheets which are positioned to take advantage of structural growth opportunities. The team also makes use of additional investment techniques, such as shorting, to capitalise on the weakest companies which are most exposed to competitive threats and financial distress, as well as options to deliver performance and manage portfolio risk. The portfolio is run in an unconstrained manner and represents a high-conviction portfolio of our very best ideas from across emerging markets.
Fidelity US Quality Income UCITS ETF Acc (FUQA)
Our view
The fund provides exposure to a diversified portfolio of high-quality US dividend paying companies by passively replicating the Fidelity US Quality Income Index. The index focuses on identifying financially robust companies with strong balance sheets, resilient cash flows and the ability to maintain or grow dividend payments over time. By combining quality and income factors within a diversified portfolio of US companies, the fund seeks to deliver a balance of income generation, capital growth potential and risk-adjusted returns across different market environments. Its rules-based construction aims to capture the benefits of disciplined factor investing while avoiding excessive concentration in any single sector.
Fidelity Funds - Global Industrials Fund W-Acc-GBP
Our view
This fund invests in three sectors, namely industrials and chemicals, metals and mining, and energy. It looks for good quality businesses with sustainable or strengthening competitive advantages, which are trading at reasonable valuations. These are businesses undergoing change in terms of company or industry structure, where the stock is underappreciated by the market and trading below its intrinsic value. The fund’s diversified themes, across multiple sub-sectors, enable consistent returns at different stages of the economic cycle. In addition to these drivers, the manager seeks to add value through careful stock selection.
Fidelity Funds - Global Short Duration Income Fund W-QINCOME-GBP (GBP/USD hedged)
Our view
The fund primarily invests in high yield and investment grade corporate bonds. The global opportunity set allows the Portfolio Manager to seek out the most attractive opportunities on a risk-adjusted basis. The aim is to deliver an attractive income to investors while maintaining an overall average investment grade rating and maximum duration of 3 years at the portfolio level. The manager has flexibility to invest in non-core credit strategies as a means of adding performance but adherence to the investment objective remains imperative. The fund is managed according to Fidelity’s active philosophy and approach to fixed income investing. This is team-based but led by the Portfolio Manager to generate attractive risk-adjusted returns through combining multiple, diversified investment positions advised by in-house fundamental credit research, quantitative modelling and specialist traders.
Fidelity Index UK Gilt Fund P GBP Acc
Our view
This fund is managed to track the performance of the FTSE Actuaries UK Gilts All Stocks index. The index is a daily rebalanced market value weighted index of all conventional (not index-linked) UK Gilts quoted on the London Stock Exchange, with no minimum time to maturity. The fund is managed by Fidelity's Systematic Fixed Income team using a stratified sampling method, designed to enable index tracking (also known as passive investment management) in a cost-efficient manner.
Fidelity Investment Funds - Fidelity Cash Fund W-Accumulation
Our view
This fund’s managers aim to deliver capital preservation and liquidity, while delivering a competitive yield. They use a multi-strategy approach to money market fund management, building well-diversified portfolios, where no single decision or investment has a dominant impact on the fund. Fidelity’s money market fund managers use fundamental credit research to identify the highest quality issuers from a list compiled by a team of portfolio managers and credit analysts. They ensure portfolios are well diversified across a number of different issuers, sectors and regions, employ quantitative research to guide portfolio interest rate sensitivity and yield curve strategies, and maintain liquidity buffers to facilitate client redemptions.
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FAQs
The list is designed for investors who are interested in Fidelity funds and want to explore a carefully selected list.
With more than 150 Fidelity funds to choose from, the list highlights a range of funds that have been assessed against a clear and consistent set of criteria, making it easier to explore the options available.
The categories have been chosen to reflect the main investment areas that investors commonly use when building a portfolio.
They cover a range of regions, asset classes and investment styles, helping investors explore Fidelity funds across different parts of the market.
The categories are reviewed regularly and may change over time to ensure they continue to meet these aims.
Fidelity Focus launched in November 2026. The list is reviewed every six months and any funds added to or removed from the list following a review will be shown here.
The number of funds within each category may also change depending on how many funds meet our standards at any given time. Our aim is to maintain a focused list of high-quality funds rather than target a specific number of funds.
If a fund you own is removed from the Fidelity Focus list, this does not mean we’re recommending that you sell it.
To be eligible for the Fidelity Focus list, a fund must be available on the Fidelity platform and have a GBP share class. Funds must also be available for investment through ISAs, SIPPs and Investment Accounts.
A wide range of Fidelity funds can be considered for inclusion, including both open- and closed-ended funds. Passive funds can be included whether they’re mutual funds or exchange-traded funds (ETFs).
Multi-asset funds are not considered for the Fidelity Focus list. If you’re interested in multi-asset funds, Navigator can show you some to consider, based on what’s important to you.
The Fidelity Focus list only includes Fidelity funds. The Select 50 is a separate list that can include funds from any fund provider on the Fidelity platform. The two lists use different selection methods, so a Fidelity fund may be included in one but not the other.
Fidelity funds are assessed for inclusion on the Fidelity Focus list using a consistent, data-driven approach and clear selection criteria.
We consider a range of factors, including value for money, performance over different time periods, how consistently a fund has delivered returns, how it compares with similar funds and its benchmark, the experience of the fund management team, and the consistency of its portfolio holdings.
The list is reviewed every six months, and funds may be added or removed where appropriate.
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