Fidelity International has launched a new global equity fund, the Global Innovators Fund, for investors in Hong Kong and Singapore.

The new Luxembourg-domiciled SICAV fund will target 100-200 stocks backed by the firm’s global research platform and will be available to investors across Asia and Europe.

The fund will look for companies expected to benefit from, or contribute to, the development and adoption of innovative technologies, products, services, or business models, Fidelity said.

It aims to identify businesses positioned to drive or benefit from structural change and long-term trends across industries.

Adin Tan, head of private banking, Hong Kong and Singapore at Fidelity International, said: “The launch of the Global Innovators Fund is a significant addition to our Luxembourg SICAV fund range and highlights our commitment to bringing the best of Fidelity to our clients globally.”

The strategy will be run by portfolio manager, Mark Schmehl, supported by the Fidelity’s broader investment platform, including the global analyst team.

Schmel currently manages and co-manages a range of Canadian and global equity strategies, including growth, special situations, innovation and multi-asset strategies at the firm.

Tan said: “Mark and the team bring extensive experience and strong track record of identifying and investing in innovative companies around the world, with a focus on businesses with the potential to emerge as long-term winners as industries evolve.”