Fidelity Disruptive Technology Fund (FTEKX)
Fidelity Disruptive Technology Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $13.61, up 0.81% on the session, giving a market capitalisation of $101.2M. Its beta of 1.37 implies it has historically moved more than the broad market.
This fund's primary objective is to achieve substantial long-term growth for investors' capital. To accomplish this, it typically commits at least 80% of its total assets to companies pioneering disruptive technologies. The portfolio is predominantly composed of equity securities, meaning investments in company stocks. These are firms that, in the judgment of the Adviser, are at the forefront of innovation across various fields. This encompasses areas such as advanced data analytics (big data), artificial intelligence and machine learning, cloud computing and Software as a Service (SaaS), cybersecurity, e-commerce and consumer digital platforms, ride-sharing services, and next-generation hardware. The fund is not confined to specific industries; it has the flexibility to invest in companies operating within any economic sector as it pursues this theme. Finally, as a non-diversified fund, it may concentrate its holdings in a smaller number of investments.
Fidelity Disruptive Technology Fund is most often compared with the following Financial Services names: