A concentrated portfolio of typically 20-30 stocks across Asia.
Uses a bottom-up stock selection process that favours companies with a compelling business model, above-average earnings rate, increasing returns on equity over time and attractive valuations.
A disciplined portfolio construction process with a focus on diversification and risk management.
A concentrated approach, so that you can access our best ideas in Asia
Informed by 50+ years' experience investing in the region
One trade gives you access to 60+ on-the-ground research professionals in Asia
Backed by 50 years' investing in Asia and a large on-the-ground research team, the Fidelity Asia Active ETF brings you a simple and time saving way to access our best ideas in Asia.
Want to stay up to date with the latest from the Fidelity Asia Fund? Join Portfolio Manager Anthony Srom as he provides a short quarterly update covering:
You can get more information about the Fund's top holdings here.
See for yourself how the fund has performed since inception. The chart below represents the value now of $10,000 invested in the Fidelity Asia Fund in May 2024 compared with $10,000 invested in the MSCI All Country Asia ex-Japan Index NR.
Chart as at: 31 July 2024
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI AC Asia ex-Japan Index NR, effective 1 January 2010. Benchmark data prior to 1 January 2010 is a blend of the MSCI Asia ex-Japan index and the MSCI All Country Asia ex-Japan Index NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net returns as at 31 July 2024
| Timeframe | 1 mth % |
3 mth % |
6 mth % |
Since inception (28/05/24) % pa |
|---|---|---|---|---|
| Fund | 2.39 | - | - | 0.48 |
| Benchmark | 2.14 | - | - | 2.34 |
| Active return | 0.25 | - | - | -1.86 |
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI AC Asia ex-Japan Index NR, effective 1 January 2010. Benchmark data prior to 1 January 2010 is a blend of the MSCI Asia ex-Japan index and the MSCI All Country Asia ex-Japan Index NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net as at 31 July 2024
| 1 mth % |
3 mth % |
6 mth % |
Since inception (28/05/24) % pa |
|
|---|---|---|---|---|
| Total return | 2.39 | - | - | 0.48 |
| Growth | - | - | - | - |
| Income | 3.03 | - | - | 2.98 |
Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI AC Asia ex-Japan Index NR, effective 1 January 2010. Benchmark data prior to 1 January 2010 is a blend of the MSCI Asia ex-Japan index and the MSCI All Country Asia ex-Japan Index NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-24 | 29.2243 | $9.5677 |
CPU = cents per unit. The above cash CPU excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement. If the Distribution CPU column is 0.0000 it means that nothing was distributed.
As at 30 June 2024
As at 30 June 2024
| % total net assets | |
|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LTD | 12.8% |
| HDFC BANK LTD | 12.4% |
| SAMSUNG ELECTRONICS CO LTD | 10.6% |
| FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD | 9.5% |
| TECHTRONIC INDUSTRIES CO LTD | 6.1% |
| KWEICHOW MOUTAI CO LTD | 5.4% |
| AIA GROUP LTD | 4.8% |
| YUM CHINA HOLDINGS INC | 4.1% |
| NAVER CORP | 3.6% |
| BOC AVIATION LTD | 3.1% |
As at 30 June 2024
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| HDFC BANK LTD | 12.4 | 0.9 | 11.5 |
| FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD | 9.5 | 0.0 | 9.5 |
| TECHTRONIC INDUSTRIES CO LTD | 6.1 | 0.2 | 5.8 |
| SAMSUNG ELECTRONICS CO LTD | 10.6 | 4.9 | 5.7 |
| KWEICHOW MOUTAI CO LTD | 5.4 | 0.2 | 5.2 |
As at 30 June 2024
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| TENCENT HLDGS LTD | 0.0 | 4.8 | -4.8 |
| ALIBABA GROUP HOLDING LTD | 0.0 | 2.1 | -2.1 |
| RELIANCE INDUSTRIES LTD | 0.0 | 1.7 | -1.7 |
| SK HYNIX INC | 0.0 | 1.4 | -1.4 |
| HON HAI PRECISION INDUSTRY CO LTD | 0.0 | 1.2 | -1.2 |
| Organisation | Rating |
|---|---|
| Lonsec | Recommended5 The Lonsec Report is only available to financial advisers, please contact us for a copy. |
This Fund is unhedged and is subject to the risk of fluctuations in international stock markets and currencies. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding.
1 An intraday optimised portfolio value (IOPV) for each fund will be published throughout the ASX trading day. The IOPVs are calculated by ICE Data Indices, LLC based on the latest price of each security, amongst other factors. In equity constituent market value calculations, the last reported trade price from the composite feed (US) or primary listing exchange (non-US) is used for the latest price of each security, when those exchanges are open. When those exchanges are closed, the IOPV calculation can incorporate the Real-Time Fair Value Information Service from ICE Data Pricing & Reference Data, LLC which is a multi-factor model that calculates a real-time estimate of the price that would likely prevail in a liquid market for an equity security following the close of the local market. For more information on Fair Value Information Service methodology, please refer to: https://www.theice.com/market-data/pricing-and-evaluations/fair-value.
For IOPVs with fixed income securities, ICE Data Pricing & Reference Data, LLC’s Continuous Evaluated Pricing (CEP) service can be used to price such fixed income securities. As market data becomes available and passes internal system tolerances and parameters, CEP will update throughout the day. While updates to CEP occur more frequently during local market trading hours, CEP will update outside of normal trading hours based on market information that is available at that time. For constituents where CEP is not available, either the prior day’s evaluation or a client-provided price may be used in the IOPV calculation instead. For more information about Continuous Evaluated Pricing, please refer to: https://www.theice.com/market-data/pricing-and-evaluations/cep.
The iNAV calculations as shown (the “Data”) and provided by ICE Data Indices, LLC are updated during ASX trading hours. Powered by Factset. iNAV calculations are indicative and for reference purposes only.
The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) or their respective Third Party Suppliers.
ICE DATA OR ITS THIRD PARTY SUPPLIERS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE IOPVS, ETF STATISTICS, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
2Management costs and buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.
3Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.
