The fund aims to produce investment returns within a range of between 1% and 5% of a composite benchmark of 55% FTSE All Share Index and 45% FTSE A World (ex UK) Index.

The fund invests in unit linked collective investment funds with an active management style. Depending on underlying market conditions the fund's annualised performance will track within a range of between 1% and 5% of a composite benchmark of 55% FTSE All Share Index and 45% FTSE World (ex UK) Index measured on a rolling 3 year basis.

The fund invests in a range of companies around the world. At least half the portfolio will be invested in Europe (with a bias towards the UK), with the balance invested in the world's major markets, broadly in relation to their size and relative attractiveness.

Fidelity's investment approach is based upon a firm conviction that the key to above average long term results is to focus on the prospects of individual companies rather than try to predict economic trends and currency movements.