I see a lot of discussion around the rise and fall of the American stock market in the coming months, and the potential for Europe to capitalise on America’s instability. The consensus seems to be either to liquidate your holdings and sit on your cash or switch investments to European or other world funds.
I currently have everything in a Fidelity World Fund which seems to be massively weighted towards the big American tech companies. I’m wondering whether I need to consider switching or whether Fidelity would naturally change the portfolio depending on the performance of the American market. Isn’t that the point of having a managed world fund? I really hope so, as what’s happening in the States really worries me for the long term performance of my investments.