One wouldn't necessarily recommend that other managers adopt Fidelity Advisor International Capital Appreciation's unique approach, but its leader, who developed and adjusts it, has made it work well. His ability and insights, along with a strong record and other resources, earn the fund’s I and Z share classes a Morningstar Analyst Rating of Bronze, while the costlier share classes are rated Neutral.
Will FCPIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCPIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FCPIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FCPIX’s parent organization’s priorities and whether they’re in line with investors’ interests.