A Fidelity Fund With a Volatile Strategy but a First-Rate Manager
Fidelity Global Innovators Class
Fidelity Global Innovators, including its exchange-traded fund, earns an upgrade to its People Pillar rating to High from Above Average, reflecting portfolio manager Mark Schmehl’s many strengths. A drop in the Morningstar Medalist Rating of several share classes is not caused by diminished conviction in the strategy’s People or Process ratings but reflects a change in the way Morningstar calculates the excess return opportunity for funds.
Mark Schmehl has managed this strategy since its 2017 inception. He draws on decades of investment experience and broad sector knowledge developed since joining Fidelity in 1999. He also runs other successful funds, including Fidelity Canadian Growth Company and…
