Fidelity International Discovery Fund offers Q1 2025 insights and analysis
Let's Dive into FIGRX
The Lowdown
Manager: William Kennedy
Trading Symbol: MUTF:FIGRX
Initiation Date: December 31, 1986
FUND INFORMATION
Fund Size: $9,903.25 million
Category: Fund Foreign Large Growth
Manager(s): William Kennedy
Don't say I didn't warn ya, but stock markets, especially fancy foreign ones, are a roller coaster ride. They can plummet hard when the poo hits the fan due to lousy issuer, political, regulatory, market, or economic situations.
Historical Performance of FIGRX - A Rough and Tumble Ride
Trading Symbol: MUTF:FIGRX
The Fidelity International Discovery Fund (FIGRX) falls under the Foreign Large Growth category. It's a wild ride, teeming with returns, risk, and all the thrills in between. Here's a snapshot:
- Total Returns: While details on precise historical return figures are scarce, FIGRX's performance is evaluated overall, including changes in share value and reinvested dividends and capital gains.
Start Date: December 31, 1986
Wanna know something crazy? The fund's beta is 1.00, meaning it mirrors the biz until it cries "uncle!" And that 17.41% standard deviation? Relatively speaking, it shows FIGRX ain't for the risk-averse.
Risk Factors - Where the Rubber Meets the Road
Size (in millions): $9,903.25
Investing in FIGRX ain't for the faint-hearted, especially given its emphasis on foreign assets:
- Market Volatility: Foreign markets are as volatile as a two-year-old with a brand-new toy set. They can go from hot to not just like that, thanks to market, economic, or political chaos.*
- Currency and Interest Rate Risks: Ever changed money or had a loan? Well, FIGRX dabbles in multiple currencies and interest rates, which can produce anxiety-inducing swings in value due to exchange rates and interest rate fluctuations.*
- Economic and Political Risks: Emerging markets are especially ticking time bombs. Economic and political instability over there can blow your investment out of the water faster than you can say, "Houston, we have a problem!"*
Morningstar Category: Fund Foreign Large Growth
Putting FIGRX in Perspective - How's It Stack Up?
Although specific comparisons within the Foreign Large Growth category aren't explicitly mentioned, FIGRX's performance is usually evaluated against a benchmark in its category. Investors should weigh these risk factors and performance metrics when deciding whether FIGRX's a suitable addition to their portfolio.
Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic
[1] Source: Morningstar, various reports. Check 'em out if you wanna go deep!
William Kennedy's managed Fidelity International Discovery Fund (FIGRX) is a business venture that focuses on investing in foreign large growth markets. FIGRX's performance, with a beta of 1.00 and a standard deviation of 17.41%, mirrors the market's volatility, making it a risky investment due to factors such as market volatility, currency and interest rate risks, and economic and political risks associated with foreign markets. Investors must evaluate these risk factors and performance metrics carefully when deciding whether FIGRX is a suitable addition to their portfolio.
References:[1] Source: Morningstar, various reports. Check 'em out if you want to learn more!
