About FNORX
Fidelity Nordic Fund is a mutual fund that specializes in equity investments focused on the Nordic region of Europe. Its core strategy is to seek long-term capital growth by investing primarily—at least 80% of assets—in companies domiciled in Denmark, Finland, Norway, and Sweden, or in businesses with substantial economic ties to these countries. The fund predominantly holds common stocks and targets high-quality companies, emphasizing strong management, established franchises, and the ability to generate returns above their cost of capital over a full market cycle. The portfolio spans a variety of sectors, including healthcare, financial services, industrials, energy, and communication services, with notable holdings such as Novo Nordisk, Atlas Copco, and Nordea Bank. Fidelity Nordic Fund plays a distinctive role in the financial market by providing investors access to developed, stable, and innovative Nordic economies, while leveraging fundamental analysis to identify companies with consistent free-cash-flow generation and sustainable growth characteristics.
Fund Family Fidelity
Category Miscellaneous Region
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FNORX
Index Index is not available on Lipper Database
FNORX had a total return of 10.86% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.13%.
