Fidelity has always been a “favourite” of mine ! . While not so great over past 12-18mths long term it has been a real winner .
If you’d invested $10,000 in June 2003, it would now be worth $57,259. You’d have made almost six times your money. NB Remember this includes the GFC period
Interestingly think of this as if it were a house ?
Let’s start with a house worth $500,000 in 2003 . If the house made the same returns as the Fidelity share fund it would now be worth $ 2,862,950
Chart 1: Value of $10,000 invested at 2003, versus index and cash
In the 15 years since its inception, the Fidelity Australian Equities Fund has delivered remarkably strong long-term performance, cementing Portfolio Manager Paul Taylor as one the industry’s heavyweights.