Fidelity Index World Fund P Accumulation (GB00BJS8SJ34)
- Aims to track the performance of global stock markets
- Fund fees of 0.12%
- Managed by Fidelity. 5* Morningstar rating
What the fund manager, Fidelity International, says about this fund:
The Fund aims to track the performance of the MSCI World (Net Total Return) Index (before fees and expenses are applied) thereby seeking to increase the value of investor's investment over a period of 5 years or more. The performance of the Fund is unlikely to track the performance of the index precisely. The Fund uses an ‘index tracking’ (also known as ‘passive’) investment management approach whereby it aims to replicate the composition of the index. However, for practical reasons and/or to reduce the dealing costs of the Fund, it may not invest in every company share in the index or at its weighting within the index.